Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
AI and Crypto Tsar David Sacks talk to President Donald J Trump while signing executive orders in the Oval Office in the White House on January 23, 2025 in Washington, DC.
Bassford soap | The Washington Post | Getty images
President Donald Trump signed an executive order on Thursday creating a strategy Bitcoin Reserve, marking an important change in the US digital asset policy.
Crypto of the White House and Ai Czar David Sacks, a risk capitalist from Silicon Valley, wrote in a publication about X That the reservation will be financed exclusively with Bitcoin seized in cases of criminal and civil confiscation, which guarantees that taxpayers do not have financial burden.
According to estimates, the United States government controls approximately 200,000 bitcoin, although a complete audit has never been carried out. Trump’s order requires a comprehensive accounting of federal digital assets and prohibits the sale of Bitcoin from the reserve, positioning it as a permanent value store.
In addition, the order establishes a reserve of digital assets of the United States, administered by the Department of Treasury, to celebrate other confiscated cryptocurrencies.
Sacks praised the decision, calling him a milestone to make the “cryptographic capital of the world.” He previously pointed out that the United States lost more than $ 17 billion in potential value by selling Bitcoin seized prematurely.
The Secretary of the Treasury, Scott Besent and the Secretary of Commerce, Howard Lutnick, will supervise greater policy development, with an approach to neutral acquisition strategies with Bitcoin budget, according to Sacks.