News | Trump Officially Signs Executive Order for Strategic Bitcoin Reserve
United States President Donald Trump officially signed an executive order to establish a Strategic Bitcoin Reserve on Thursday (06/06) local time.
"A few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve," tweeted White House AI and Crypto Chief David Sacks.
The reserve will be capitalized with Bitcoin owned by the federal government from seizures. This is part of the process of seizing criminal or civil assets that will not cost taxpayers a dime.
There is no complete audit yet, but the US government is estimated to own around 200,000 Bitcoins. Nevertheless, the Executive Order directs full accounting of the federal government's digital asset ownership.
