U.S. Treasury Secretary Bessent: We will maintain the dollar's status as the dominant reserve currency and will use stablecoins to support this effort.
🇨🇳 NEW: If China adopts a #Bitcoin reserve strategy by utilizing its 195,000 $BTC seized from PlusToken, it could rival the US’s 198,109 $BTC , valued at over $17 billion.
Trump’s Executive Order outlines two separate initiatives: a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
The Strategic Reserve will hold only Bitcoin, using ~200,000 $BTC already seized by the government.
David Sacks says Ken Bessent and Howard Lutnick have been authorized to explore ways to acquire more without taxpayer costs.
The Digital Asset Stockpile will include $XRP, $ADA, $ETH ETH, $SOL, and possibly others but won’t involve active purchases—only managing existing holdings under the @USTreasury.
The EO also mandates a full audit of all digital assets currently held by the government.