President Donald Trump speaks during the White House “Crypto Summit”

President Donald Trump signed an executive order on Thursday establishing a government reserve of bitcoin.

Under Trump’s new order, the U.S. government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s "crypto czar" David Sacks.

“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” Sacks said on X, the platform formerly known as Twitter.

https://katu.com/news/nation-world/trump-signs-executive-order-to-create-bitcoin-reserve-crypto-czar-david-sacks-digital-currencies
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#crypto #cryptocurrency #trump #trumpadministration #nationalnews #bitcoin

Author: KATU News
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News post in at: March 8, 2025, 3:01 am.

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