Trump creates “bitcoin strategic reserve” before the White House's encryption summit

SEC President Mark Owida talks about stopping probes with encryption companies, regulations, China's presence in US markets, and trying to independence technology.

President Trump signed an executive order to create Bitcoin's strategic reserve late Thursday. Crypto Czar David Sachs celebrated this move by post in X.

“The reserve is invested with bitcoin belonging to the federal government as part of the seizure of criminal or civil assets,” he wrote. This means that the cost is not spent on taxpayers. ” “It is estimated that the US government has about 200,000 bitcoins; however, there has never been a complete audit. EO will lead a complete accounting of the federal government's digital assets. The United States does not store any bitcoin to save. It is a storefront for a storefront.

Sax, a Silicon Valley and a pro -Crypto veteran who is shaping future policies on digital assets, again reaffirmed his criticism of previous governments for what he knew as the ball. Bitcoin, the largest cryptocurry Market value

He also noted: “Bitcoin's premature sales have now spent more than $ 17 billion of US taxpayers lost for US taxpayers. Now the federal government will have a strategy to maximize its assets.”

Sax also described how to use other digital currencies.

“In addition, it constitutes US digital asset asset instructions, which includes digital assets other than bitcoin that has been destroyed in criminal or civic proceedings.”

The move takes place on the eve of Friday's roundtable with members of the Presidential Working Group on digital assets in what is being done as the “digital asset summit”.

Participants in the Friday session include the following encryption leaders, while more may be added:

Tyler and Cameron Vincas, founder of Jamini
Vlad Tenev, CEO Robinhood
Arjun Sethi, Kraken CEO
Michael Silver, founder and chief executive of strategy (formerly microstrategy)
Brian Armstrong, Coinbase CEO
Sergei Nazarov, founder of ChainLink
Kyle Samani, Partner Manager in Multicoin Capital
Zach Witkoff, the founder of World Liberty World under Trump's sponsored
JP Richardson, Exodus CEO
Matt Huang, founder of the paradigm
David Bailey, CEO of Bitcoin Magazine

Last Sunday, before the meeting, Trump advanced his plans for strategic reserve For encrypted currencies, send in the social fact:

“A Storage of US encryption This important industry is led by the Biden government after years of corrupt attacks, which is why my executive order on digital assets is led to the Presidential Working Group to move in a strategic encryption reserve that includes XRP, Sol and ADA. I will make sure that the United States is the capital of the world's encryption. We raise America again! “

Here's an immediate real -time pricing photo of popular cryptocurrencies.

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