#USCRYPTORESERVES

Trump signs order to establish strategic bitcoin reserve

March 7, 20256

U.S. President Trump signs an executive order in the Oval Office, at the White House

U.S. President Donald Trump holds a signed executive order on cryptocurrencies, in the Oval Office of the White House, in Washington, U.S., January 23, 2025. REUTERS/Kevin Lamarque/File Photo Purchase Licensing Rights, opens new tab

WASHINGTON, March 6 (Reuters) - U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House.

The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X.