Trump Signs Executive Order to Establish a US Bitcoin Reserve
President Donald Trump has signed an executive order to create a government reserve of Bitcoin, marking a significant milestone in the cryptocurrency’s potential path to mainstream acceptance.
Under this new directive, the US government will hold onto an estimated 200,000 Bitcoin that it has previously seized in criminal and civil proceedings, according to David Sacks, Trump’s “crypto czar.”
Sacks stated on social media:
“The US will not sell any Bitcoin deposited into the Reserve. It will be kept as a store of value, functioning like a digital Fort Knox for what is often termed ‘digital gold.'”
The executive order mandates a comprehensive audit of the government’s Bitcoin holdings, which, according to Sacks, have never been thoroughly reviewed.
