Trump signs executive order establishing U.S. strategic bitcoin reserve

AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC. President Donald Trump signed an executive order on Thursday creating a Strategic Bitcoin Reserve, marking a major shift in U.S. digital asset policy. White House Crypto and AI Czar David Sacks, a Silicon Valley venture capitalist, wrote in a post on X that the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeiture cases, ensuring that taxpayers bear no financial burden. According to estimates, the U.S. government controls approximately 200,000 bitcoin, though no full audit has ever been conducted. Trump's order mandates a comprehensive accounting of federal digital asset holdings and prohibits the sale of bitcoin from the reserve, positioning it as a permanent store of value. Additionally, the order establishes a U.S. Digital Asset Stockpile, managed by the Treasury Department, to ... Read full article.