White House cryptocurrency chief: Trump signs executive order to build strategic bitcoin reserves
2025-03-07 00:17:57
The White House cryptocurrency chief said Trump signed an executive order to create a strategic bitcoin reserve. The reserve will be funded by bitcoins owned by the federal government, which are confiscated in criminal or civil asset forfeiture proceedings. The government will not sell any bitcoins deposited in the reserve. The Treasury and Commerce secretaries are authorized to develop budget-neutral strategies to acquire more bitcoins. (Jin Ten)
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