In a bold financial shift, U.S. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, a digital asset stockpile that some are already calling a “digital Fort Knox.”
The reserve will be built using Bitcoin seized in criminal proceedings, ensuring it won’t cost taxpayers a dime, according to David Sacks, the White House’s crypto advisor. “This is responsible stewardship of the government’s digital assets,” Sacks said, adding that the move fulfills one of Trump’s campaign promises.
While crypto enthusiasts initially hoped the order would involve direct Bitcoin purchases, markets reacted with disappointment, causing Bitcoin prices to dip by 5%. The announcement comes just before a scheduled White House summit with major crypto figures—many of whom were key donors to Trump’s re-election campaign.
Trump has increasingly embraced cryptocurrency, launching his own “Trump” memecoin and partnering with exchange platform World Liberty Financial. His involvement has drawn sharp criticism, with Democratic Senator Chris Murphy accusing him of creating a “corruption loophole” that allows secret payments from corporations and foreign governments.
With Trump’s move solidifying Bitcoin’s place in U.S. policy, the digital currency debate is set to heat up. Will this be a turning point for crypto regulation—or just another political power play?
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