The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets.
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- It also established a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin owned by the Department of Treasury that was forfeited in criminal or civil asset forfeiture proceedings.
- The government will not acquire additional assets for the U.S. Digital Asset Stockpile beyond those obtained through forfeiture proceedings.
- The Secretary of the Treasury may determine strategies for responsible stewardship, including potential sales from the U.S. Digital Asset Stockpile.
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion.
Thank god for Trump!
DELIVERING ON PLEDGE TO MAKE AMERICA THE CRYPTO CAPITAL OF THE WORLD: President Trump is fulfilling his promise to position America as the global leader in cryptocurrency.
- President Trump promised to make the United States the “crypto capital of the world,†emphasizing the need to embrace digital assets to drive economic growth and technological leadership.
- In his first week in office, President Trump signed an Executive Order to promote United States leadership in digital assets such as cryptocurrency.
- President Trump has consistently advocated for a forward-thinking approach to crypto, stating: “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.â€
- President Trump promised to create a Strategic Bitcoin Reserve and a Digital Assets Stockpile.
- President Trump appointed a “crypto czar†and is hosting the first-ever crypto summit at the White House, just a few of the many ways this Administration is demonstrating its strong commitment to this digital asset.