#BTC
Under the executive order, the U.S. Treasury will hold Bitcoin seized in criminal and civil forfeitures in a strategic BTC reserve. The directive also opens the door to the government potentially acquiring more Bitcoin on the open market, as well as through transfers from federal agencies that hold the token.
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional Bitcoin, provided that those strategies impose no incremental costs on American taxpayers,” the executive order reads.
