Trump Establishes Bitcoin Reserve

President Donald Trump’s order to establish a bitcoin (BTC) reserve aims to designate the original cryptocurrency as a U.S. reserve asset deserving distinct treatment from other crypto assets, according to a senior White House official.

The order’s additional crypto stockpile will collect assets obtained by the U.S. government through seizures. The bitcoin reserve is expected to start with approximately 200,000 bitcoins currently held by the government, with potential for future investments if senior officials can find ways to fund it without taxpayer reliance.

The federal government will conduct an audit to determine the exact amount of crypto it currently possesses, which will be transferred to the new funds.

A crypto summit at the White House invites several high-profile industry leaders, including executives from Coinbase, Ripple, Kraken, Gemini, Chainlink, and Robinhood, to discuss industry policy with Trump administration officials.

Trump is scheduled to appear at the summit, where he will address the executive order he signed directing the creation of the U.S. bitcoin reserve. This reserve will include a separate stockpile for other crypto assets, all derived from digital assets seized in legal cases, without an active buying program, disappointing some in the industry.

The summit represents a significant shift for the U.S. crypto landscape, moving from the fallout of 2022’s collapse to an opportunity for collaboration with a supportive White House.

Since executive orders like this are not permanent, additional legislative measures may be necessary to solidify the initiative. The Republican-led Congress has shown increasing support for crypto-related efforts, recently voting favorably to repeal a tax rule established by the IRS under the Biden administration.