Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > The White House > President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile – ]
The White House

President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile – ]

Last updated: March 6, 2025 11:45 pm
Share
President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile – ]
SHARE

Creating a Strategic Bitcoin Reserve and Digital Asset Stockpile

President Donald J. Trump recently signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, solidifying the United States’ position as a frontrunner in government digital asset strategy.

The Order lays the groundwork for a Strategic Bitcoin Reserve, which will treat bitcoin as a reserve asset. This reserve will be funded with bitcoin forfeited in criminal or civil asset forfeiture proceedings by the Department of Treasury. Other government agencies will also assess their ability to transfer any bitcoin they own to this reserve. The United States commits to holding onto the bitcoin in this reserve as a store of reserve assets, refraining from selling it.

Furthermore, the Secretaries of Treasury and Commerce are empowered to develop strategies for acquiring additional bitcoin for the reserve, ensuring that these strategies do not incur any extra costs for American taxpayers. The Order also establishes a U.S. Digital Asset Stockpile, comprising digital assets other than bitcoin that have been forfeited in similar proceedings.

The government will not acquire any more assets for this stockpile beyond those obtained through forfeiture. The Secretary of the Treasury has the authority to determine strategies for managing these assets responsibly, including potential sales. All agencies are required to provide a comprehensive account of their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets.

Addressing a Crypto Management Gap

Bitcoin, often referred to as “digital gold” due to its scarcity and security, holds a strategic advantage for nations with its fixed supply of 21 million coins. The United States currently holds a substantial amount of bitcoin but has not fully leveraged its potential as a store of value in the global financial system. Premature sales of bitcoin have already cost U.S. taxpayers billions of dollars.

See also  First Lady Melania Trump Invites Everyday Americans as Special Guests to Joint Session of Congress – The White House

The Executive Order aims to bridge the existing gap in managing cryptocurrencies seized through forfeiture by various Federal agencies. Currently, there is no clear policy for handling these assets, leading to a lack of accountability and missed opportunities to centralize, secure, or maximize their value. Centralizing ownership, control, and management of these assets within the Federal government will ensure proper oversight and a cohesive approach to managing the government’s cryptocurrency holdings.

Delivering on Pledge to Make America the Crypto Capital of the World

President Trump is delivering on his promise to position America as a global leader in cryptocurrency. He has pledged to make the United States the “crypto capital of the world,” recognizing the potential of digital assets to drive economic growth and technological advancement. In his first week in office, President Trump signed an Executive Order to promote U.S. leadership in digital assets like cryptocurrency.

President Trump has consistently shown support for a forward-thinking approach to crypto, emphasizing the importance of the United States leading in this field. He promised to create a Strategic Bitcoin Reserve and a Digital Assets Stockpile, appointing a “crypto czar” and hosting the first-ever crypto summit at the White House to demonstrate his administration’s commitment to this digital asset industry.

TAGGED:AssetBitcoinDigitalDonaldEstablishespresidentReserveStockpileStrategicTrumpU.S
Share This Article
Twitter Email Copy Link Print
Previous Article Utilities may soon pay you to help support a greener grid Utilities may soon pay you to help support a greener grid
Next Article Asian Stocks, European Share Futures Echo US Drop: Markets Wrap Asian Stocks, European Share Futures Echo US Drop: Markets Wrap
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Introducing the most dangerous pass in football

The reaction of the crowd is always a mix of emotions when a goalkeeper attempts…

December 25, 2024

Presidential Message on Super Bowl LIX – The White House

As we gear up for Super Bowl LIX in New Orleans, the excitement is palpable…

February 9, 2025

When Jasprit Bumrah defended 11 runs in a Super Over during MI vs GL match in IPL 2017 [Watch]

Jasprit Bumrah, the star pacer for the Mumbai Indians (MI) team, has established himself as…

April 17, 2025

Incoming Border Czar Tom Homan Hits Race-Baiting Rep. Jasmine Crockett with a Brutal Response After She Mocks Him on Immigration (VIDEO) |

Race-baiting Rep. Jasmine Crockett (D-TX) found herself in hot water recently after making disparaging remarks…

December 30, 2024

Why taping your mouth shut at night probably isn’t a good idea

Is Taping Your Mouth Shut at Night to Improve Sleep a Good Idea? Some social…

May 21, 2025

You Might Also Like

President Trump takes center stage in NYC mayoral race as Dem candidates spar over how to ‘fight’ his agenda
World News

President Trump takes center stage in NYC mayoral race as Dem candidates spar over how to ‘fight’ his agenda

June 10, 2025
Trump Goes To Fort Bragg And Raises More Concern About Cognitive Decline
Politics

Trump Goes To Fort Bragg And Raises More Concern About Cognitive Decline

June 10, 2025
Dems smearing Trump as ‘authoritarian’ were oddly quiet over Biden’s strongarm diktats
Crime

Dems smearing Trump as ‘authoritarian’ were oddly quiet over Biden’s strongarm diktats

June 10, 2025
Khaby Lame, TikTok star, left U.S. after being detained by ICE : NPR
World News

Khaby Lame, TikTok star, left U.S. after being detained by ICE : NPR

June 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?