Trump signs executive order establishing ‘Strategic Bitcoin Reserve,’ Crypto Czar David Sacks confirms
President Donald Trump has issued an executive order to create a Strategic Bitcoin Reserve, a move set to redefine the U.S. government’s stance on digital assets. The announcement was confirmed by David Sacks, White House Crypto and AI Czar, in a post on X.
Bitcoin Reserve to Be Built Without Taxpayer Funds
The reserve will not rely on taxpayer money. Instead, it will be funded exclusively with bitcoin confiscated in criminal and civil forfeiture cases. “The reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks wrote.
Government Holds Significant Bitcoin Reserves
Although there has never been a full…
