Trump's Executive Order on 'Establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile':
1. Due to its scarcity and security, Bitcoin is often referred to as 'digital gold.' Because the supply of BTC is fixed, being one of the first countries to create a strategic Bitcoin reserve has strategic advantages. The U.S. government currently holds a significant amount of BTC but has not yet implemented policies to maximize BTC's strategic position as a unique store of value in the global financial system!
2. Establishing a Strategic Bitcoin Reserve is U.S. policy. The policy also includes the establishment of a United States Digital Asset Stockpile as a secure account for the orderly and strategic management of other digital asset holdings in the U.S.
3. The U.S. Secretary of the Treasury shall establish an office to manage and control custodial accounts, collectively referred to as 'U.S. Digital Asset Stockpile,' which consists of all digital assets owned by the Treasury (excluding BTC) that are ultimately seized as part of criminal or civil asset forfeiture proceedings and do not need to satisfy the requirements of 31 USC 9705 or be released under this section (reserve assets) subsection. Within 30 days of the issuance of this order, agencies shall review their authority to transfer any reserve assets they hold to the U.S. Digital Asset Stockpile and submit a report reflecting the results of the review to the Secretary of the Treasury. The Secretary of the Treasury shall determine the strategies for responsible management of the U.S. Digital Asset Stockpile in accordance with applicable law.
4. The U.S. Secretary of the Treasury and the Secretary of Commerce shall develop strategies to acquire more government BTC, provided that these strategies have no impact on the budget and do not impose incremental costs on U.S. taxpayers.
