Trump Orders Development of Crypto Strategic Reserve Including Bitcoin

Trump Orders Development of Crypto Strategic Reserve Including Bitcoin

President Donald Trump has instructed his Presidential Working Group on Crypto to proceed with establishing a Crypto Strategic Reserve that would include Solana (SOL), XRP, and Cardano (ADA), according to a Sunday morning post on Truth Social. The working group is led by executive director Bo Hines.

"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," Trump stated in his post. "I will make sure the U.S. is the Crypto Capital of the World." Trump later added that the reserve would also include Bitcoin (BTC) and Ethereum (ETH), which are the two largest cryptocurrencies by market capitalization.

The federal government already holds substantial cryptocurrency assets. According to Arkham, the government possesses at least $17 billion worth of Bitcoin and approximately $120 million worth of Ethereum.

This direction builds upon Trump's January executive order, which tasked the working group with evaluating "the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts."

Trump's recent announcement represents the first time he has used the term "Crypto Strategic Reserve" instead of "stockpile." While some have used these terms interchangeably, they carry different implications for how the assets might be managed and utilized.

The news comes just days before Trump is scheduled to host the inaugural White House Crypto Summit. At this Friday event, the President will address "prominent founders, CEOs, and investors from the crypto industry." The summit will be managed by Hines and chaired by AI & Crypto Czar David Sacks. The New York Post had previously reported in January about the possibility of Trump including U.S.-founded coins such as:

  • USDC
  • XRP
  • SOL

In what was described as an "America-First" approach to a crypto reserve.

Trump's approach stands in stark contrast to policies in other nations like Switzerland, where the Swiss National Bank has explicitly rejected Bitcoin holdings in their reserves. Meanwhile, at the state level, Oklahoma's House Committee recently advanced a Strategic Bitcoin Reserve bill with a 12-2 vote that would allow investment of 10% of public funds in Bitcoin and large-cap digital assets. This reflects a growing trend, with 25 U.S. states having introduced similar legislation, though most bills remain pending or under consideration while five have been rejected.

Read more

55th Reason For National Bitcoin Reserve: Large-Scale Transactions Skip Multiple Intermediaries With Crypto Settlement

55th Reason For National Bitcoin Reserve: Large-Scale Transactions Skip Multiple Intermediaries With Crypto Settlement

Bitcoin's blockchain technology enables national governments to conduct major financial transactions without relying on multiple third-party intermediaries. When nations engage in large-scale infrastructure projects or defense procurement deals worth billions, traditional settlement methods require various banks, clearinghouses, and financial institutions to verify and process payments. This often takes

By Albert Morgan