As President, I want to share an important directive regarding our approach to Bitcoin and digital assets.
Background: Bitcoin is the first cryptocurrency, and it has set a remarkable standard. With a total supply capped at 21 million coins, Bitcoin has proven to be both secure and scarce. This scarcity is why many call it “digital gold.” The U.S. already holds a significant Bitcoin reserve, but it’s time to create a plan to enhance its role as a vital asset in the global financial landscape. We should not shy away from embracing digital assets; instead, we must leverage their potential for our nation’s prosperity.
Policy Direction: The U.S. will create a Strategic Bitcoin Reserve to manage our Bitcoin assets effectively. Additionally, we will establish a United States Digital Asset Stockpile, ensuring secure management of our other digital assets.
Strategic Management:
- The Secretary of the Treasury will set up an office to oversee the Strategic Bitcoin Reserve, which will include all forfeited Bitcoin from legal proceedings. Agencies will have 30 days to report any Bitcoin they hold for transfer into this reserve.
- A separate office will manage the United States Digital Asset Stockpile, which will include all other digital assets that have been forfeited.
- The Treasury will plan how to acquire additional Bitcoin sustainably, without raising costs for taxpayers. However, new digital assets will only be acquired through legal forfeiture or penalties.
- Agencies will not sell or give away these assets unless directed by the Treasury or a court. Any proceeds from asset sales can be used to benefit crime victims, support law enforcement, or meet legal requirements.
In the next 60 days, the Secretary of the Treasury will submit an evaluation on how to best set up and manage the Strategic Bitcoin Reserve and the Digital Asset Stockpile, including any necessary legislative steps.
Asset Accounting: Each agency has 30 days to report any digital assets they hold, including details about how these assets can be transferred to our new reserves. If an agency has no assets, they must confirm that within the same timeframe.
General Provisions: This order does not affect the legal authority of agencies or the Office of Management and Budget regarding administrative matters. Implementation will align with existing laws and be contingent on available funds. Importantly, this order does not create any enforceable rights for individuals against the U.S. government.
Issued by the White House on March 6, 2025.
Check out this related article: Unlocking the Future: President Trump Launches Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile
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