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HISTORIC MOVE : Trump Signs Order to Establish a U.S. Bitcoin Reserve

HISTORIC MOVE : Trump Signs Order to Establish a U.S. Bitcoin Reserve

Cointribune2025/03/07 16:22
By: Cointribune
RSR-1.89%BTC+0.47%MOVE+2.26%

The Trump administration has just taken a new step in the regulation and integration of cryptocurrencies in the United States. President Donald Trump signed a presidential decree last night establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, an initiative that transforms the American approach to cryptocurrencies.

HISTORIC MOVE : Trump Signs Order to Establish a U.S. Bitcoin Reserve image 0 HISTORIC MOVE : Trump Signs Order to Establish a U.S. Bitcoin Reserve image 1

A “Digital Fort Knox” financed by seized assets

The Strategic Bitcoin Reserve , inspired by the Fort Knox model for gold, will be funded by bitcoins seized during legal proceedings. According to the crypto advisor to the White House, David Sacks, this initiative will cost “not a penny to taxpayers”. Indeed, the 198,109 BTC currently held by the government – estimated to be worth $17 billion – will be allocated to this reserve.

Unlike the regular sales of seized bitcoins conducted in recent years, the new policy of the Trump administration implies that these bitcoins will not be resold but kept as a store of value, similar to the gold reserves of the United States.

The decree also provides for the creation of a Digital Asset Stockpile, composed of other seized cryptos, but without additional acquisition by the government outside of these proceedings.

A strategic and political shift on cryptos

This decree marks a radical change in Donald Trump’s policy on cryptos. Initially skeptical of Bitcoin during his first term, Trump has gradually adopted a pro-crypto stance. Upon his return to the White House, he prohibited the creation of a digital dollar (CBDC) and positioned himself in favor of dollar-backed stablecoins.

Since July 2024, Trump had promised the creation of a federal Bitcoin reserve, believing that the United States should become the world capital of cryptos. The goal of this initiative is to attract investors and strengthen Bitcoin’s status as a strategic asset in the United States.

An ambitious but controversial project

While this decree strengthens the presence of Bitcoin in American economic policies, it also raises questions and criticisms. Some experts point out the lack of a detailed plan for the use of these reserves and express concerns about a potential conflict of interest between Trump and his advisor David Sacks.

Others are questioning the viability of a reserve that includes more volatile altcoins, such as Solana and Cardano, which could compromise the stability of this national strategy.

The White House has announced that more details will be unveiled at the Washington Crypto Summit, scheduled for March 7, an event chaired by David Sacks and bringing together several prominent figures in the crypto industry.

Donald Trump’s decree could mark a turning point in the history of cryptos in the United States. It remains to be seen if this initiative will deliver on its promises and whether it will allow the country to assert itself as an undeniable leader in the crypto sector.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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