US President Donald Trump signed a decree aimed at establishing the Strategic Bitcoin Reserve and the US Digital Asset Stock. His decisions in the crypto market have been eagerly awaited.

White House Artificial Intelligence and Crypto Czar David Sacks, in a post on X social media account, stated that Trump fulfilled his promise to create the Strategic Bitcoin Reserve and Digital Asset Stock. Sacks pointed out that President Trump signed the decree to establish the Strategic Bitcoin Reserve, demonstrating his determination to make the US the “crypto capital of the world.” The reserve will be created using Bitcoin held by the federal government, without imposing any additional costs on taxpayers.

Regarding the estimated 200,000 Bitcoins held by the US government, Sacks noted that a comprehensive audit has not been conducted, and the decree includes provisions for the full calculation of the federal government’s digital assets. Sacks emphasized that the US will not sell the reserved Bitcoins to avoid further losses for taxpayers, aiming to maximize the value of the government’s assets. Additionally, Sacks mentioned that the Treasury and Commerce Secretaries have been authorized to develop independent strategies to acquire more Bitcoin without creating an additional tax burden.

The decree also highlights the creation of a digital asset stock consisting of assets other than Bitcoin, using only assets obtained through seizures and not making any additional asset acquisitions.

CRYPTO MARKET UPDATE

Cryptocurrencies plummeted amidst fears of a trade war but have started to recover after a critical summit. Bitcoin is currently trading at $87,800. Ethereum, which dipped below $2,000, is now trading above $2,173. XRP is at $2.50, ADA at $0.86, and SOL at $141 as outlined in the reserve plan.