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Fox News Reporter: Trump's executive order established two types of digital asset holding mechanisms

Fox News Reporter: Trump's executive order established two types of digital asset holding mechanisms

Bitget2025/03/07 01:20

PANews reported on March 7th that Fox Business News reporter Eleanor Terrett posted on the X platform stating that Trump's executive order established two different digital asset storage mechanisms:

1. Strategic Reserve, which only stores Bitcoin (BTC). The initial funds come from about 200,000 Bitcoins obtained by the government over many years through criminal and civil confiscation. Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoins without increasing taxpayer burden, positioning it as a national-level digital value reserve.

2. Digital Asset Stockpile, which includes other digital assets besides Bitcoin - possibly including XRP, ADA, ETH and SOL among others. The Treasury Department is responsible for "responsible management" of the government-held digital assets. The government will only explore neutral budgetary methods to purchase more Bitcoins and will not actively seek to increase the number of other digital assets in the stockpile. The executive order also requires a comprehensive audit of all currently held government digital assets to ensure transparency in asset management.

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