Trump Creates a Strategic Cryptocurrency Reserve for the United States
Image representing cryptocurrencies. X/ @TheRioTimes
March 7, 2025 Hour: 2:35 pm
The U.S. government seeks to establish a ‘secure account’ for the orderly management of digital asset holdings.
On Thursday, President Donald Trump issued an executive order for the creation of a “Strategic Bitcoin Reserve and Digital Asset Stockpile.” This occurred one day before the cryptocurrency “summit” scheduled to take place at the White House.
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Through these reserves, the U.S. government seeks to establish a “secure account” for the orderly and strategic management of other digital asset holdings.
To develop the concrete mechanisms for its administration, the Secretary of the Treasury must, within 60 days, submit an evaluation of the legal and investment considerations necessary to establish and manage the Strategic Bitcoin Reserve and the Digital Asset Reserve.
On Sunday, Trump had already announced that he would order his administration to accumulate Bitcoin, Ethereum, and three other tokens. Shortly after signing the executive order, David Sacks, the White House czar for artificial intelligence and cryptocurrencies, explained details about how the Reserve will operate:
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 Bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any Bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” he said.
“Premature sales of Bitcoin have already cost U.S. taxpayers over US$17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional Bitcoin, provided that those strategies have no incremental costs on American taxpayers,” Sacks added.
Regarding the U.S. Digital Asset Stockpile, this instrument consists of digital assets other than Bitcoin forfeited in criminal or civil proceedings.
“The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department,” Sacks said, emphasizing that these policy decisions underscore “President Trump’s commitment to making the U.S. the crypto capital of the world.”
“I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at ‘tech speed,’” he said.
teleSUR/ JF
Sources: EFE – David Sacks