Trump: Will store government crypto assets in a new U.S. digital asset repository in the future

Speaking at the Crypto Summit, Trump said, "The federal government is already one of the largest holders of Bitcoin. Up to 200,000 Bitcoins have been acquired through civil law and various other laws and enforcement actions. These existing holdings will form the basis of the new reserves. Unfortunately, in recent years, most of the BTC has been sold under the Biden administration. Starting today, the United States will follow very clear principles and never sell your Bitcoins. The Treasury and Commerce Departments will also explore new ways to accumulate additional Bitcoin reserves, provided there is no cost to taxpayers. We do not expect taxpayers to pay any price. The government is currently setting up a list of crypto assets, and the held crypto assets will be stored in a new US digital asset repository and properly managed. I also want to express my strong support for the efforts of lawmakers and Congress as they work on bills to provide regulatory certainty to the dollar stablecoin and digital asset markets. They are working very hard on this. This is a huge opportunity for economic growth and innovation in our financial sector. "