US President Donald Trump signed an executive order establishing both a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”
Update (March 7, 3:10 am UTC): This article has been updated to add information from a White House fact sheet.
Update (March 7, 12:55 am UTC): This article has been updated to add more information from David Sacks’ X post and information on US government crypto holdings.
US President Donald Trump has signed an executive order that creates a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” both of which will initially use cryptocurrency forfeited in government criminal cases.
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