After a lot of anticipation, President Donald Trump finally signed an executive decree to establish a Bitcoin strategic reserve. As part of this plan, the American government will create a “strong digital Knox” to store Bitcoin and other cryptocurrencies seized in civil or criminal cases.
The reserve aims to preserve these digital assets for a long -term value, marking a significant change in the way the government manages the crypto seized. David Sacks, Trump’s Tsar Crypto, shared the latest development in a last X job.
“The reserve will be capitalized with bitcoin belonging to the federal government which was lost in the context of the confiscation of criminal or civil assets. This means that it will not cost taxpayers a penny, “said Sacks.
Us to preserve “digital gold”
He also noted that if the US government has around 200,000 bitcoin, but a complete audit of these assets has never been achieved. The new decree calls for complete accounting of the assets of digital assets of the federal government.
The United States will not sell any bitcoin stored in the reserve; Instead, it will be kept as a long -term value store. The reserve is essentially a digital version of Fort Knox, designed to protect the cryptocurrency known as “Digital Gold”.
The United States government has already lost more than $ 17 billion in Bitcoin sales too early, but now the federal government has a new plan to maximize the value of its Bitcoin holdings. Treasury and trade secretaries will develop strategies to acquire more Bitcoin without costing taxpayers for additional money.
The executive decree also creates a stock of digital assets in the United States, which will store digital assets outside Bitcoin, which are seized in criminal or civil cases. The government will only add assets to the stock of confiscation cases, not by buying them. Sacks stressed that the stock objective is to manage the government’s digital assets in a responsible manner, under the supervision of the Treasury Department.
Promises made, promises?
President Trump had previously promised to establish a strategic bitcoin reserve and a stock of digital assets and now these promises are held.
Sacks stresses that this decree highlights its continuous commitment to positioning the United States as “cryptographic capital of the world”, taking important measures to integrate digital assets in the country’s financial future.
Sacks expressed his gratitude and admiration for the president for his leadership and vision by supporting this advanced technology and for its rapid execution to support the digital asset industry. He pointed out that the Trump administration really evolves at “technological speed”.
He also mentioned the president’s working group on the digital asset markets – in particular the Treasury Secretary Scott Bessent and the Secretary of Commerce Howard Lutnick – for their crucial support in competition. Finally, he shared that Bo Hines also played an instrumental role as an executive director of the working group, playing a key role in carrying out this.