Donald Trump, the President of the United States, issued an executive order establishing a new framework for managing the government’s digital assets. This order specifically focuses on investing in Bitcoin (BTC) and creates two separate sections for digital asset management. David Sacks, the head of artificial intelligence and digital assets at the White House, explained that the first section, called the Strategic Reserve, includes 200,000 seized Bitcoins by the government. The second section, named Digital Asset Vault, will hold other digital currencies. In this regard, the Treasury and Commerce Departments are tasked to develop solutions for purchasing Bitcoin without imposing financial burdens on taxpayers. Sacks emphasized that these purchases will be independent of the seized Bitcoin reserves.
