Trump Bitcoin Reserve Bill: David Sacks Confirms 200K BTC Reserve

Trump Bitcoin Reserve Confirmed: Order to Create 200K BTC Reserve

Trump Signs Order to Create US Bitcoin Reserve

President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve, using cryptocurrency seized in criminal and civil cases. The move aims to treat Bitcoin as a store of value for the US government. A Digital Asset Stockpile will also be created to manage forfeited crypto assets. This marks a major step in the government’s approach to digital currencies, signaling long-term interest in Bitcoin.

Trump’s Strategic Bitcoin Reserve Order Backed by Crypto Czar David Sacks

President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve. It will store Bitcoin seized by the U.S. government through criminal and civil asset forfeitures.

The Reserve will be funded by Bitcoin already owned by the government. This means it will not require taxpayer money. The U.S. will not sell Bitcoin placed in the Reserve. Instead, it will be kept as a long-term store of value, similar to gold in Fort Knox.

The executive order mandates a full review of the federal government’s digital asset holdings. The U.S. is estimated to own about 200,000 Bitcoin, but no full audit has been done.

Past Bitcoin sales by the government resulted in $17 billion in lost value. This new strategy aims to maximize the worth of its holdings.

The Treasury and Commerce Departments are authorized to explore acquiring more Bitcoin without additional costs to taxpayers. The Treasury Department will oversee the responsible management of the government’s digital assets.

This move signals a major shift in how the U.S. government handles cryptocurrency, treating Bitcoin as a strategic financial asset.

Crypto Czar David Sacks Stated,

“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.”

Peter Schiff: U.S. Crypto Stockpile Only Holds Seized Assets

Bitcoin critic Peter Schiff pointed out that the U.S. Digital Asset Stockpile will only hold seized cryptocurrencies. The government will not buy ETH, XRP, ADA, SOL, or any other digital assets. 

He stressed that the stockpile is strictly limited to confiscated tokens. While there is debate over whether the government can buy more Bitcoin for the Strategic Bitcoin Reserve, the executive order is clear that the stockpile will not include purchased assets. Schiff sees this as a positive, ensuring no taxpayer money is used to acquire additional cryptocurrencies.