Why did Trump just order US to set up a crypto stockpile
President Donald Trump has signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries in the world to create a national stockpile of blockchain assets.
The reserve will hold cryptocurrency forfeited to the federal government as part of criminal or civil proceedings, White House AI and crypto tsar David Sacks said in a post on X.
The US will not sell any Bitcoin deposited in the reserve, said Sacks, and will instead keep it as an asset.
In 2021 El Salvador became the first country in the world to establish a Bitcoin reserve. Brazil, Japan and Switzerland have also debated such a step.
Trump – who just four years ago said Bitcoin “seems like a scam” – revealed plans earlier this week to…
