Trump’s executive order establishes a Bitcoin reserve while relegating other cryptos to a stockpile. Market reaction, insider concerns, and policy implications unpacked.

Similar to how the government has a reserve of other currencies such as gold, this reserve houses the country's digital currency.

The reserve will hold cryptocurrency forfeited to the government in criminal or civil proceedings, said the White House.

Treasury and Commerce secretaries will explore buying more Bitcoin in a “budget neutral way,” but such conversations have not happened yet.

Crypto czar David Sacks confirmed that President Donald Trump has finally signed an Executive Order (E.O.) to create a Strategic Bitcoin Reserve.

President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey towards possible mainstream acceptance. Under Trump’s new order,

United States President Donald Trump’s executive order to establish a Bitcoin strategic reserve and a stockpile of other digital assets has failed to impress crypto markets, with Bitcoin’s value plummeting following the announcement.

On-chain data has revealed that the United States government’s public wallets currently hold 198,109 Bitcoins, approximately $16.92 billion.