President Donald Trump has ordered his administration to establish a strategic Bitcoin reserve to celebrate assets that have been seized by the Government, and has also requested cryptographic storage of other types of assets.
At this point, all the assets contemplated by the order would be those seized in civil or criminal decisions. Bitcoin will be stored to obtain a long -term value in what is called “Fort Knox Digital”.
“The reservation will be capitalized with Bitcoin owned by the federal government that was lost as part of the confiscation of criminal or civil assets,” said David Sacks, Trump Crypto Tsar, in a statement published in the Social Network Site X.
In a video that shows the president signing the order, Trump says about the establishment of the reserve: “He made the promise, right?”
The order has also pushed government officials to seek ways to add more bitcoin to the reservation, provided it does not damage the federal budget.
“Treasury and Commerce secretaries are authorized to develop neutral budget strategies to acquire additional bitcoin, provided that these strategies do not have incremental costs for US taxpayers,” Sacks said.
