The President of the United States, Donald Trump, signed an executive order this Thursday to establish a "strategic reserve" of cryptocurrencies that includes bitcoin, the strongest digital currency currently, valued at nearly $90,000 per unit.
This reserve will be capitalized with bitcoins owned by the federal government that were seized as part of criminal or civil assets, assured the White House's "crypto czar," billionaire David Sacks.
"This means it won't cost taxpayers a dime," Sacks stated on X.
It is unclear how this reserve will function or how it would benefit Americans.
But some answers may arise this Friday at a cryptocurrency summit to be held at the White House.
