The Secretary of the Treasury has been tasked with overseeing the administration of these reserves, ensuring responsible stewardship. Within 60 days, a legal and investment assessment will be presented to guide the initiative’s operationalisation.
The US has announced the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile to strengthen its financial position.
The initiative, formalised through an Executive Order, ensures the government retains forfeited Bitcoin and digital assets, leveraging them strategically.
Treasury Secretary will evaluate legal, investment considerations within 60 days.
Bitcoin is often called ‘digital gold’ due to its scarcity and security, and with this initiative, the US is ensuring its leadership in the evolving digital economy, according to the Executive Order signed by the President and released by the White House.
The government will also maintain a stockpile of other digital assets acquired through forfeiture but will not actively purchase them without further legislative action. Agencies must report their digital asset holdings within 30 days.
“This Executive Order signals a shift in how digital assets are viewed at the federal level,” said an industry analyst. “Rather than disposing of seized BTC, the US is recognising its long-term value.”
With this move, the US joins other nations in strategically managing Bitcoin holdings, reflecting its increasing relevance in global finance.
Fibre2Fashion News Desk (RKS)
