6 months ago
20
US President Donald Trump has signed an enforcement bid creating a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” These caller reserves volition initially beryllium funded by cryptocurrency seized successful authorities transgression cases.
The announcement was made by White House AI and crypto czar, David Sacks, connected March 7, who described The Reserve is similar a integer Fort Knox for the cryptocurrency often called “digital gold.”
According to the authoritative fact sheet from the White House, the Strategic Bitcoin Reserve volition beryllium stocked with Bitcoin forfeited successful transgression oregon civilian plus forfeiture cases. Importantly, this Bitcoin volition not beryllium sold but held arsenic a store of value.
The Treasury Department volition proviso the Bitcoin to effect the reserve, and different national agencies volition measure their ineligible authorization to contribute. Plans are besides successful spot to bargain much Bitcoin without further costs to taxpayers.
Additionally, a “U.S. Digital Asset Stockpile” volition clasp cryptocurrencies beyond Bitcoin, though it volition lone see assets obtained done forfeiture, not caller purchases. While Trump initially mentioned assets similar XRP, Solana, and Cardano, the U.S. government’s existent holdings are chiefly Bitcoin, followed by Ethereum and Tether.
The enforcement bid requires a afloat audit of each integer assets that beryllium to the government. Agencies request to taxable their crypto plus details to the Treasury Secretary for implicit transparency astir U.S. authorities integer plus ownership.
The determination by Trump represents a large advancement successful establishing cryptocurrency arsenic portion of nationalist governance and strategical planning.
English (US) ·