Trump, Once a Crypto Skeptic, Establishes a Bitcoin Reserve
- US President Donald Trump has signed an executive order for a strategic bitcoin reserve and digital asset stockpile.
- The reserve will use bitcoin and other digital assets from federal asset forfeiture proceedings.
- Trump’s move contrasts with his past crypto skepticism.
US President Donald Trump has inked an executive order for a strategic bitcoin reserve and a digital asset stockpile.
The bitcoin reserve would be funded with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset proceedings, according to the executive order on Thursday.
The news was first announced on X by entrepreneur David Sacks who is the artificial intelligence and crypto czar at the…
