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US President Donald Trump has signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve, White House AI and crypto czar David Sacks said in a March 7 post on X.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, he added.
