The White House published a fact sheet on an Executive Order signed by President Donald J. Trump establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile to centralize federal management of digital assets under U.S. control. The Order creates a Strategic Bitcoin Reserve that treats bitcoin as a reserve asset and provides that bitcoin deposited into the reserve will not be sold. The Strategic Bitcoin Reserve will be capitalized with bitcoin owned by the Department of the Treasury that was forfeited through criminal or civil asset forfeiture proceedings, and other agencies will evaluate their legal authority to transfer any bitcoin they hold into the reserve. The Secretaries of the Treasury and Commerce are authorized to develop budget-neutral strategies to acquire additional bitcoin, provided they impose no incremental costs on taxpayers. A separate U.S. Digital Asset Stockpile will hold non-bitcoin digital assets forfeited to the Department of the Treasury; the government will not acquire additional assets for this stockpile beyond forfeitures, and the Secretary of the Treasury may determine stewardship strategies, including potential sales. Federal agencies must provide a full accounting of their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets.

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