President Trump signs a strategic order for Bitcoin Reserve

President Trump has signed an executive order to create a strategic Bitcoin Reserve, says White House AI and Cripto Czar David bags.

According to Sacks ‘Mar’ Mar. 7 Announcement of its official KS handle, the reserve will be financed with Bitcoin (Btc) Seized by the Federal Government through the character’s property, which means that taxpayers will not bear any costs.

The bags were estimated that the US government is holding about 200,000 BTC, although full audit has never been implemented. The Executive Order prepares a complete accounting of federal digital means and prohibits the sale of bitcoin in reservewhich was resembling “Digital Fort Knok”.

With Trump, repeating its goal for the United States to make the “Cripto capital of the world”, the move strives to improve the nation’s standing in the crypto industry.

In addition, the command establishes an American digital stock for digital assets that will contain other non-Bitcoin digital means that are seized through subtraction. However, the government will not acquire additional crypto outside these funds.

Trump administration also directs departments for the Treasury and trade to explore budget-neutral methods for acquiring more bitcoin without additional cost taxpayers. Bags It noticed that the previous government bitcoin costs tax liabilities over 17 billion in lost value.

At the time of pressure, Bitcoin is outplay 3% in the last 24 hours to $ 86,600, and the market has not yet responded to the news. However, the regulation can reduce the selling of the Bitcoin government, signaling the long run positive catalyst. This could pull the supply and strengthen the bitcoin position as a strategic means like gold if the government starts collecting instead of selling it.

In other policy decisions, Trump also signed the executive action of delaying tariffs in Mexican and Canadian imports in almost the moon. According to Trump about Social Train, after discussionsWith Canadian officials and Mexican President Claudia Sheinbaum, the goods covered by the USMCA trade agreement will still be without tariffs.

A commodity not covered by the USMCA, such as Avocados and Canadian energy, could still be subject to duties.