Trump signs order to establish Bitcoin strategic reserve

Trump signs order to establish Bitcoin strategic reserve

Turin, 7 Mar. (LaPresse) – President Trump has signed an executive order to establish a strategic reserve of Bitcoin. This was announced on X by David Sacks, White House artificial intelligence and cryptocurrency czar. ‘The reserve will be capitalised with Bitcoins owned by the federal government and seized as part of criminal or civil asset forfeiture proceedings. This means it will cost taxpayers nothing,’ he explains. ‘The United States,’ he assures, ‘will not sell any bitcoin deposited in the Reserve. It will be kept as a store of value. The reserve is like a digital Fort Knox for cryptocurrency often called ‘digital gold’.’

© Copyright LaPresse