President Donald Trump has signed a decree for the establishment of the Strategic Bitcoin Reserve and the US Digital Asset Stock. The crypto market has been eagerly anticipating Trump’s decisions.

David Sacks, the White House Artificial Intelligence and Crypto Czar, announced on social media platform X that Trump has fulfilled his promise to create the Strategic Bitcoin Reserve and Digital Asset Stock. Sacks stated that President Trump has signed the decree to establish the Strategic Bitcoin Reserve, showcasing his determination to make the US the “crypto capital of the world.” Sacks mentioned that the reserve will be created with Bitcoin currently held by the federal government, and it will not impose any additional costs on taxpayers. Sacks highlighted the estimated 200,000 Bitcoins owned by the US government, noting that a comprehensive audit has not been carried out yet, and the decree includes provisions for a full calculation of the federal government’s digital assets. He mentioned that the US will not sell the reserved Bitcoins, as early sales have already caused taxpayers to suffer losses exceeding $17 billion. With the new strategy, the federal government aims to maximize the value of its assets. Additionally, Sacks noted that the Secretaries of Treasury and Commerce have been given authority to develop independent strategies to acquire more Bitcoins without creating an additional tax burden. The decree also establishes a digital asset stock consisting of assets other than Bitcoin, emphasizing that only assets obtained through confiscation will be used, and no additional purchases will be made.

CRYPTO MARKET UPDATE

Following a sharp drop due to trade war concerns, cryptocurrencies are recovering after a critical summit. Bitcoin is currently trading at $87,800. Ethereum, which tested below $2,000, is now exchanging hands above $2,173. XRP is priced at $2.50, ADA at $0.86, and SOL at $141 as included in the reserve plan.