President Trump signs the Executive Order – TradingView News
US President Donald Trump signed an executive order to create a strategic reserve for Bitcoin to hold the assets seized by the US government. It also imposes the creation of digital assets inventory for other types of encryption assets.
A store of coded currencies
Initially, the assets stored under the matter will be the one that the US government seized in various criminal cases. The White House AI and Crypto CZAR DAVID SACKS Bitcoin reserve as “a Nox digital fortress coin”, adding that the country will keep it in the long run without selling it.
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President Trump signs an executive command that creates a strategic Bitcoin reserve and US digital assets 🇺🇸 pic.twitter.com/n9p2sqknvs
The executive matter comes days after speculation after the president first alluded to the encryption reserve at his social expense. Initially, it was published that XRP, Solana (Sol) and Cardano (ADA) will be included in the strategic reserve. However, later stated that Bitcoin and Ethereum will also be part of it, describing them “the heart of the reserve.”
According to Arkham Intelligence, the United States government currently has a total of $ 18.28 billion of cryptocurrencies. The largest Holding is 198,109 Bitcoin, at a value of $ 17.87 billion, followed by Al -Atheer with a value of $ 119 million and Tether with a value of $ 122 million. The government also carries tens of millions in other symbols, but none of its seized holdings includes XRP, Sol or Ada.
The appropriate accounting is suspended
“The reserve will be obtained with Bitcoin owned by the federal government that has been confiscated as part of the procedures for confiscating criminal or civil assets,” Sacks indicated in the X.
Just a few minutes ago, President Trump signed an executive order to create the Bitcoin Strategic Reserve.
The reserve will be deported with Bitcoin owned by the federal government that has been confiscated as part of the procedures for confiscating criminal or civil assets. This means that …
He also claimed that the United States government was not fully reviewed. The new executive thing “directs full accountability for the federal government’s digital assets.”
Bitcoin holdings of the Ministry of Treasury will be used to highlight the reserve, while other federal agencies “will evaluate their legal authority” to transfer encryption holdings to them.
The treasury and trade trustees also guide to develop “neutral budget strategies” to gain more bitcoin to the reserve. However, “these purchases should not be gradually imposed on American taxpayers.”
Despite the announcement, Trump’s executive command failed to strengthen the encryption market. Bitcoin has lost about 5 % over the past 24 hours, with ether with a similar decrease.
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