US President Donald Trump has signed an executive order establishing the country’s strategic bitcoin reserve. Trump’s order comes a day before his meeting with cryptocurrency executives at the White House.
Explaining the details of the order, White House AI and Crypto Czar David Sacks said that the eserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.
“This means it will not cost taxpayers a dime,” he said.
(This is a breaking, refresh for updates)
