Donald Trump, the President of the United States, issued an executive order to establish a Bitcoin (BTC) strategic reserve. The order includes creating a ‘Fort Knox Digital’ to store seized Bitcoins and other digital assets. This move aims to not burden taxpayers as the strategic reserve will be funded with confiscated Bitcoins. The government’s policies towards digital currencies have shifted, now aiming to preserve seized assets for long-term valuation instead of selling them off. Additionally, the US government plans to conduct a comprehensive audit of its 200,000 Bitcoins. The government will not purchase these assets but will only add them to the reserve through legal confiscations. This structure will be overseen by the Treasury Department. Trump’s administration is committed to making America the ‘Crypto Capital’, signaling a fundamental change in how the government interacts with digital currencies and strengthening the US position in the crypto market.
