Anonymous ID: aec7f0 March 6, 2025, 6:16 p.m. No.22716942   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>22716916

Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit

 

https://edition.cnn.com/2025/03/06/business/strategic-bitcoin-reserve-trump/index.html

 

President Donald Trump established a Strategic Bitcoin Reserve through an executive order, according to an X post by David Sacks, the White House czar for AI and cryptocurrency.

 

Trump had posted on social media on Sunday that he would direct the government to stockpile bitcoin, ethereum and three other tokens, which prompted backlash from the crypto industry.

 

Sacks said the reserve would be โ€œcapitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.โ€ He said this would ensure the reserve could not carry a cost for taxpayers.