US President Donald Trump has signed a decree for the establishment of the Strategic Bitcoin Reserve and the US Digital Asset Stock. Decisions by Trump in the cryptocurrency market were eagerly anticipated.

White House Artificial Intelligence and Crypto Czar David Sacks, in a post on the X social media account, stated that Trump has fulfilled his promise to establish the Strategic Bitcoin Reserve and Digital Asset Stock. Sacks reported that President Trump has signed the decree for the establishment of the Strategic Bitcoin Reserve, stating that “This decree demonstrates President Trump’s determination to make the US the ‘world’s crypto capital’.” Sacks noted that the reserve would be created with Bitcoin held by the federal government and seized assets, without imposing an additional cost on taxpayers.

Referring to the estimated 200,000 Bitcoins owned by the US government, Sacks emphasized that a comprehensive audit had not been conducted so far, and the decree envisages a full accounting of the federal government’s digital assets. He confirmed that the US government would not sell the reserved Bitcoins, stating that “Early sales of Bitcoin have already cost US taxpayers over $17 billion. Now, the federal government will have a strategy to maximize the value of its assets.”

Additionally, Sacks mentioned that the Treasury and Commerce secretaries were granted authority to develop independent strategies to acquire more Bitcoins without creating an additional tax burden. Highlighting the creation of a digital asset stock consisting of assets other than Bitcoin, Sacks stated that the government would only use assets obtained through seizure operations and would not make further asset purchases.

CRYPTO MARKET UPDATE

Cryptocurrencies, which dropped sharply due to fears of trade wars, are recovering after a critical summit. Bitcoin is trading at $87,800 today. Ethereum, which tested below $2,000, is now trading above $2,173. XRP in the reserve plan is at $2.50, ADA at $0.86, and SOL is priced at $141.