U.S. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, funded initially by cryptocurrency seized in criminal cases. White House AI and crypto czar David Sacks confirmed the Bitcoin reserve would act as a “digital Fort Knox,” with no plans to sell its holdings.
The Treasury Department will oversee the stockpile of other digital assets. Trump’s order also mandates a full audit of government-owned crypto. While Trump suggested the reserve includes XRP, Solana, and Cardano, records show no such holdings. The U.S. currently holds $18.28 billion in cryptocurrency.
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