President Donald Trump has signed an government order making a Strategic Bitcoin Reserve and a broader digital asset stockpile, in response to White Home AI and crypto coverage advisor David Sacks.
The transfer aligns with a prediction made in early November 2024 by Samson Mow, CEO of JAN3, who forecasted {that a} Trump victory would result in the creation of a Strategic Bitcoin Reserve and the potential pardon of Ross Ulbricht, the founding father of Silk Highway.
Three for 3. ✅ https://t.co/JN5pDmdad1 pic.twitter.com/nfe4RtdYO0
— Samson Mow (@Excellion) March 7, 2025
Sacks introduced the order in a March seventh submit on X, stating that the Bitcoin reserve can be funded with property forfeited to the federal government by means of authorized proceedings.
Just some minutes in the past, President Trump signed an Government Order to ascertain a Strategic Bitcoin Reserve.
The Reserve will probably be capitalized with Bitcoin owned by the federal authorities that was forfeited as a part of felony or civil asset forfeiture proceedings. This implies it…
— David Sacks (@davidsacks47) March 7, 2025
Sacks described the Bitcoin reserve as a “digital Fort Knox,” emphasizing that the federal government doesn’t plan to promote the Bitcoin saved in it.
“It will likely be saved as a retailer of worth.”
The manager order additionally grants authority to the Secretaries of Treasury and Commerce to discover methods to amass extra Bitcoin in a budget-neutral method.
“The Secretaries of Treasury and Commerce are licensed to develop budget-neutral methods for buying extra Bitcoin, supplied that these methods haven’t any incremental prices on American taxpayers,” the order states.
Along with the Bitcoin reserve, the order establishes a “U.S. Digital Asset Stockpile,” which is able to embody different digital property obtained by means of forfeiture.
He additionally said that the digital asset stockpile is meant for the “accountable stewardship of the federal government’s digital property beneath the Treasury Division” and clarified that the federal government wouldn’t actively purchase extra digital property past these obtained by means of forfeiture.
The order contrasts with Trump’s earlier remarks on Reality Social, the place he steered the reserve might embody XRP, Solana, and Cardano. He later specified that Bitcoin and Ether can be the first property.
Based on Arkham Intelligence, the U.S. authorities holds roughly $18.28 billion in seized cryptocurrency, with Bitcoin comprising the bulk at 198,109 Bitcoin, valued at about $17.87 billion.
Sacks famous that no complete audit of the federal authorities’s cryptocurrency holdings has been performed, and the chief order directs a full assessment.
Arkham’s evaluation signifies that apart from Bitcoin, the federal government’s largest holdings embody $122 million in Tether and $119 million in Ether. The info suggests the U.S. doesn’t at present maintain XRP, Solana, or Cardano.
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