The Strategic Bitcoin Reserve became reality on Thursday, as President Donald Trump signed an Executive Order authorizing the creation of the digital asset stockpile.
White House AI and Crypto Czar David Sacks announced the news on X, claiming the initiative would not “cost taxpayers a dime.”
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sachs wrote.
Sacks added that the executive order also establishes a separate Digital Asset Stockpile, consisting of digital assets other than Bitcoin forfeited in criminal or civil proceedings.
Edited by Sebastian Sinclair
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Source: https://decrypt.co/309032/president-trump-signs-executive-order-to-establish-bitcoin-reserve-crypto-stockpile
