English | Español | Français
Market Cap: $ 3.75 T 24h Vol: $ 241.00 B BTC Share: 62.67%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 118,057.63 6.00%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

President Trump Authorizes Executive Order to Establish a Bitcoin Reserve: A New Era in Finance?

In a Landmark Decision, Trump Bets on Cryptocurrency as a Vital Asset for US Economy's Future

Mark Valerius by Mark Valerius
March 6, 2025
Share on FacebookShare on Twitter

Key Points

  • President Donald Trump has initiated the creation of a strategic cryptocurrency reserve, with Bitcoin as the main asset.
  • The reserve will be funded by Bitcoin owned by the federal government, forfeited in asset forfeiture proceedings.

President Donald Trump has taken the first step towards establishing a strategic cryptocurrency reserve, with Bitcoin being the primary asset. This announcement was made by David Sacks, the White House-appointed ‘Crypto Czar’.

Establishing a Bitcoin Reserve

Sacks announced, “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. 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 implies that the reserve will not require taxpayer funding as it will be capitalized with the federal government’s Bitcoin, obtained through asset forfeiture proceedings.

Tags: Bitcoin (BTC)

Related News

trump crypto

Trump Family Adds $620 Million To Its Crypto Empire–Details

July 4, 2025
crypto scam phone

Cybersecurity Firm Kaspersky Warns Against Crypto Malware ‘SparkKitty’

June 27, 2025
xrp ripple

Ripple Co-Founder Breaks 14-Year Silence – What’s Next For XRP?

June 25, 2025
spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 118,057.63
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.35 T
Volume
$ 76.94 B
24h Change
6%
Total Supply
19.89 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com