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The US Treasury Department will establish a strategic Bitcoin reserve and digital asset reserve custody account

PANews
PANews|Mar 07, 2025 11:46
According to the White House official website announcement, Trump signed an executive order on March 6, 2025, officially establishing the Strategic Bitcoin Reserve and the America. Digital Asset Stockpile to strengthen government management of digital assets. The executive order requires the Ministry of Finance to establish a specialized agency to manage and control custodial accounts, manage government held Bitcoin (BTC) and other digital assets primarily derived from criminal or civil confiscation. The initial funds will not increase the budget, and BTC can be further accumulated in the future without increasing taxpayer costs. The executive order also restricts the government from selling or disposing of these assets unless it involves legal requirements, compensation for crime victims, or law enforcement purposes. Federal agencies are required to submit a report on their holdings of digital assets within 30 days, and the Ministry of Finance will assess regulatory and legislative needs within 60 days.
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