Trump erect a strategic Bitcoin reserve via Executive Order
The incumbent US President Donald Trump signed an executive order to set up a strategic Bitcoin reserve. The reserve is capitalized with Bitcoin, which are owned by the Federal Government and were collected in the context of criminal or civil law enforcement proceedings.
During the election campaign, Trump promised the construction of a strategic Bitcoin reserve. Specifically, the proposal to convert the faltered Bitcoin in the possession of the US Justice Ministry. Via various confiscations, the authorities increased around $ 18 billion in Bitcoin in the last decade. So far, the Ministry of Justice has been selling this in smaller tranches. With the executive order, these Bitcoin and other digital assets may no longer be sold, as from the Weissen House website emerges.
Nationale Bitcoin-Reserve
Trump administration describes in the executive order, which is why a national Bitcoin reserve is important. Bitcoin was the first cryptocurrency with a fixed offer of 21 million. The asset is considered a “digital gold” due to its scarcity and security. Never hacked, Bitcoin offers a strategic advantage for countries that build a reserve. The United States already holds significant Bitcoin stocks, but have failed to fully exploit the potential of Bitcoin as a unique value-plot in the global financial system, according to the executive order. As with other resources, the handling of digital assets should also be wise and future -oriented in order to ensure national prosperity.
The United States' policy is now to set up a strategic Bitcoin reserve. Furthermore, the world power will set up a stock of digital assets that can serve as a safe account for the orderly and strategic administration of the other digital assets of the United States. The Finance Minister Scott Bessent will create a job for administration and control of custody accounts within the next 30 days, which are known as “Strategic Bitcoin Reserve” and are capitalized with all Bitcoin held by the Ministry of Finance.
Other cryptocurrencies and increasing the stocks
Trump Executive Order for a strategic reserve does not only mention Bitcoin, as he already Note last weekend. In addition, the finance minister is to set up another series of custody account accounts known as “United States Digital Asset Stockpile”. The accounts are financed by all other digital assets that are owned by the Ministry of Finance. Primarily, it is Ethereum (Eth), Tether (USDT) and BNB.
Finally, the finance minister and the Minister of Commerce will develop strategies for the acquisition of additional state Bitcoin, provided that these strategies are household -neutral and do not have any additional costs for taxpayers. An obvious approach would concentrate on mining new Bitcoin. Other cryptocurrencies would not be increased at the moment until there are new executive orders or legislation.
