Trump signs executive order establishing 'Strategic Bitcoin Reserve'

White House crypto czar David Sacks says the US government bitcoin reserve 'will not cost taxpayers a dime'

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A new Strategic Bitcoin Reserve is being created by the US government to collect digital currencies seized from criminals, White House crypto czar David Sacks announced Thursday.

Seતીs crypto "czar" said in a post on X, formerly known as Twitter, that the move, which he described as a "campaign promise fulfilled," saw President Donald Trump sign an executive order to establish the Bitcoin reserve.

The government stockpile, which backers liken to a “digital Fort Knox,” will be composed of digital currency seized in US criminal proceedings.

The administration has spoken of the importance of the US remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major player.

Trump administration officials have spoken on several occasions of the need to prevent the US from "falling behind" in the emerging field of digital assets, gezien notably as a threat to the dollar's global reserve currency status.

Bitcoin, the world's largest cryptocurrency, has soared in value in recent years, though it remains volatile. It began 2023 around the $67,000 level.

Bitcoin is often touted as a hedge against inflation and has soared in recent years, though it remains volatile. It began 2023 around the $67,000 level.

The cryptocurrency, which began 2023 around the $67,000 level, has soared in value in recent years, though it remains volatile.

The administration has spoken of the importance of the US remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major role.

The administration has spoken of the importance of the US remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major role.

Seતીs crypto "czar" said in a post on X, formerly known as Twitter, that the move, which he described as a "campaign promise fulfilled," saw President Donald Trump sign an executive order to establish the Bitcoin reserve.

A new Strategic Bitcoin Reserve is being created by the US government to collect digital currencies seized from criminals, White House crypto czar David Sacks announced Thursday.

The government stockpile, which backers liken to a “digital Fort Knox,” will be composed of digital currency seized in US criminal proceedings.

Seતીs crypto "czar" said in a post on X, formerly known as Twitter, that the move, which he described as a "campaign promise fulfilled," saw President Donald Trump sign an executive order to establish the Bitcoin reserve.

The administration is planning to use the seized cryptocurrency to build up a Strategic Bitcoin Reserve, which will be a stockpile of digital currency seized from criminals in the United States.

The administration has spoken of the importance of the U.S. remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major player.

Trump administration officials have spoken on several occasions of the need to prevent the U.S. from "falling behind" in the emerging field of digital assets, gezien notably as a threat to the dollar's global reserve currency status.

Bitcoin, the world's largest cryptocurrency, has soared in value in recent years, though it remains volatile. It began 2023 around the $67,000 level.

Bitcoin is often touted as a hedge against inflation and has soared in recent years, though it remains volatile. It began 2023 around the $67,000 level.

The cryptocurrency, which began 2023 around the $67,000 level, has soared in recent value in recent years, though it remains volatile.

The administration has spoken of the importance of the U.S. remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major role.

The administration has spoken of the importance of the U.S. remaining a leader in the emerging field of digital assets, a domain in which China is also seen as a major role.

Seતીs crypto "czar" said in a post on X, formerly known as Twitter, that the move, which he described as a "campaign promise fulfilled," saw President Donald Trump sign an executive order to establish the Bitcoin reserve.

A new Strategic Bitcoin Reserve is being created by the US government to collect digital currencies seized from criminals, White House crypto czar David Sacks announced Thursday.

The government stockpile, which backers liken to a “digital Fort Knox,” will be composed of digital currency seized in US criminal proceedings.