President Trump is making America the “Crypto Capital of the World” with a bold new Executive Order establishing a Strategic Bitcoin Reserve. The order creates a digital Fort Knox that will store billions in cryptocurrency without costing taxpayers a dime.
At a glance:
• President Trump signed an Executive Order creating a Strategic Bitcoin Reserve and United States Digital Asset Stockpile
• The government already owns approximately 200,000 Bitcoin worth nearly $17.7 billion from criminal forfeitures
• Five cryptocurrencies were named for the reserve: Bitcoin, Ethereum, XRP, Solana, and Cardano
• The initiative positions America as a global leader in cryptocurrency policy
• A White House crypto summit is planned with industry leaders including the Winklevoss twins and Coinbase CEO Brian Armstrong
Trump Creates Digital Fort Knox With No Cost To Taxpayers
President Donald Trump has taken a historic step to secure America’s future in the digital economy by signing an Executive Order establishing the Strategic Bitcoin Reserve – and it’s a far cry from his old position on crypto.
The reserve will house cryptocurrency assets that have been forfeited to the federal government through criminal and civil proceedings, creating what venture capitalist David Sacks called “a digital Fort Knox for cryptocurrency.”
The U.S. government currently possesses around 200,000 Bitcoin valued at approximately $17.7 billion, but until now has lacked a cohesive strategy for managing these valuable digital assets. This initiative demonstrates Trump’s commitment to positioning America as the global leader in cryptocurrency innovation and management.
Five Major Cryptocurrencies Named For Government Stockpile
The Executive Order specifically names five cryptocurrencies to be included in the government’s holdings: Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement caused market prices for these digital assets to rise as investors interpreted the move as a vote of confidence in their long-term viability.
The Strategic Bitcoin Reserve will be managed by the Secretary of the Treasury, while the broader United States Digital Asset Stockpile will include various digital assets beyond Bitcoin. Government agencies have been directed to review and report on their digital asset holdings within 30 days of the order.
“The U.S. will not sell any bitcoin deposited into the reserve. It will be kept as a store of value,” said David Sacks, explaining the long-term strategy behind the initiative.
Trump Reverses Biden-Era Crypto Crackdown
This Executive Order represents a significant shift from the Biden administration’s approach to cryptocurrency, which many in the industry viewed as hostile. Trump has actively engaged with the crypto community, contrasting sharply with his predecessor’s regulatory crackdown on digital assets.
The order specifies that government digital assets can only be sold or disposed of under specific legal conditions, such as returning assets to crime victims or for law enforcement purposes. The Secretaries of Treasury and Commerce will develop strategies for acquiring additional Bitcoin without imposing costs on taxpayers.
A White House crypto summit is being organized, with industry leaders including the Winklevoss twins and Coinbase CEO Brian Armstrong expected to attend. The summit will further cement Trump’s commitment to making the United States “the Crypto Capital of the World.”
We are truly entering a new era.
