archiveDigital Fort Knox: Trump signs executive order for US strategic bitcoin reserve

Currencies

Digital Fort Knox: Trump signs executive order for US strategic bitcoin reserve

President Donald Trump today signed an executive order creating a Strategic Bitcoin Reserve and other digital currencies, an account whose value is currently worth billions of dollars. It’s estimated that there is close to 200,000 bitcoin held by the U.S. government, although that hasn’t yet ever been a comprehensive audit. The order also asks for a U.S. Digital Asset Stockpile, which, like the bitcoin reserve, will be managed by the Treasury Department. These digital currencies have all at one time been forfeited to the government. “The Reserve will be capitalized...