USANEWS

Key Takeaways:Trump directs the Treasury and Commerce Departments to find new ways to accumulate more Bitcoin for U.S. reserves without using taxpayer funds.Federal agencies will conduct an inventory of digital assets currently held by the U.S. government, including seized cryptocurrencies.A new U.S. digital asset reserve will be created to hold these assets within the Treasury Department.U.S. Moves Toward a Bitcoin Reserve Without Taxpayer FundingSpeaking at the White House Crypto Summit on March 8, President Donald Trump announced a directive for federal agencies to assess U.S. government-held digital assets and explore strategies for Bitcoin accumulation.“Not wanting taxpayers to pay any price, I ordered federal agencies to take inventory of the digital assets currently held by the U.S. government and determine how to transfer them to the Treasury Department.” – President Donald TrumpThis marks the first official confirmation that the U.S. will establish a government-backed digital asset reserve, potentially making Bitcoin a strategic reserve asset.Key Aspects of the New U.S. Digital Asset ReserveUtilizing Seized Bitcoin & Digital AssetsThe U.S. has previously seized over 200,000 BTC from criminal cases (e.g., Silk Road, dark web operations).These assets could be transferred to the Treasury instead of being auctioned, forming the foundation of the digital asset reserve.Treasury & Commerce Department’s RoleBoth agencies will assess methods to accumulate BTC without direct purchases.Options include:Holding seized Bitcoin instead of liquidating it.Exploring private sector partnerships to manage the digital asset reserve.Developing a sovereign wealth fund model to hold BTC and other digital assets.No Direct Taxpayer Funding