President Donald Trump has ordered his administration to establish a Bitcoin strategic reserve to hold the government -seized properties, and in addition to calling him for a crypto stockpile of other types of properties.
At this point, all the owners of the command are the ones who are seized from civil or criminals forfeitures. Bitcoin will be stored for long -term value in the so -called “digital fort Knox.”
“The reserve will be capitalized with the Bitcoin owned by the federal government who has lost as part of the criminal or civil trial,” said David Sacks, Trump’s crypto czar, in a statement Posted on social media site X.
In a video Showing the President signing the command, Trump said of the establishment of the reserve, “The promise was made, right?”
Following -Government officials brought out ways to add more Bitcoin to the reserve, as long as it does not harm the federal budget.
“Treasury and Commerce secretaries are authorized to develop neutral budget techniques for obtaining additional Bitcoin, provided that those strategies have no increase in cost to American taxpayers,” Sacks said.
