#WhiteHouseCryptoSummit PRESIDENT TRUMP ESTABLISHES STRATEGIC BITCOIN RESERVE
In a landmark move, President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, signaling a significant shift in U.S. cryptocurrency policy. This initiative mandates federal agencies to retain approximately 200,000 bitcoins seized through criminal and civil proceedings, positioning Bitcoin as a long-term store of value for the nation.
FUNDING THROUGH SEIZED ASSETS
The reserve will be funded exclusively by bitcoins confiscated in legal actions, ensuring that no taxpayer funds are utilized. This approach underscores the administration's commitment to integrating digital assets into the national financial framework without imposing additional financial burdens on citizens.