Trump’s creates ‘Strategic Bitcoin Reserve’ ahead of a White House crypto summit
Acting SEC Chair Mark Uyeda discusses the halt in probes into crypto firms, regulation, China’s presence in U.S. markets and efforts for technology independence.
President Trump, late Thursday, signed an executive order to establish a Strategic Bitcoin Reserve. Crypto Czar David Sachs celebrated the move via a post on X.
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he wrote. “It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset…
