President Donald Trump has indeed made some significant moves regarding Bitcoin and cryptocurrency. Here's what's been happening ¹ ²:

- *Executive Order*: On March 6, 2025, Trump issued an executive order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This move aims to centralize the management of digital assets held by the federal government, including Bitcoin seized through criminal or civil asset forfeiture proceedings.

- *Strategic Bitcoin Reserve*: The reserve will be capitalized with Bitcoin owned by the Department of Treasury, and the Secretaries of Treasury and Commerce will develop strategies to acquire additional Bitcoin in a budget-neutral manner. The goal is to maintain a store of reserve assets and potentially mirror the size and scope of gold reserves held by the federal government.

- *Digital Asset Stockpile*: This stockpile will consist of digital assets other than Bitcoin, also seized through forfeiture proceedings. The Secretary of the Treasury may determine strategies for responsible stewardship, including potential sales.

- *Government Holdings*: The US government currently holds over 207,000 Bitcoin, worth approximately $17 billion as of March 15, 2025. The proposed Strategic Bitcoin Reserve could potentially hold around 5% of the total Bitcoin supply, valued at around $88 billion.

- *Legislative Support*: Some lawmakers, like Senator Cynthia Lummis and Representative Byron Donalds, have introduced bills to establish a Strategic Bitcoin Reserve, while others, like Representative Maxine Waters, have expressed criticism, calling the proposal "silly".

- *Trump's Crypto Stance*: Trump has been vocal about his support for cryptocurrency, promising to make the US the "crypto capital of the world". His administration has taken steps to promote crypto growth, including appointing a "crypto czar" and hosting a crypto summit at the White House.

It's noting that Trump's Bitcoin treasury plan has sparked debate, with some arguing it could benefit the crypto industry while others raise concern.#TrumpBTCTreasury