Donald Trump signs major new executive order establishing Bitcoin reserve worth around $18,000,000,000 - All Around Entertainment

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

And it’s not just Bitcoin that Trump’s new executive order looks at, but other types of crypto as well.

In addition to the Strategic Bitcoin Reserve, there will now be a United States Digital Asset Stockpile that will be managed by the Treasury Department. The stockpile will ‘serve as a secure account for orderly and strategic management of the United States’ other digital asset holdings’, as per the order.

Like the Bitcoin Reserve, this crypto reservoir will also be from digital assets forfeited in criminal or civil proceedings.

The signing of the order comes ahead of today’s first ever crypto summit at the White House (March 7).

Industry leaders will be in attendance, with the proceedings starting at 1:30pm ET.