President Donald Trump just signed an executive order creating a strategic Bitcoin Reserve
and digital asset stockpile.
I'm going to read through the full text of the executive order so you do not have to
read it yourself.
I'm also going to read through the text of the fact sheet that was provided alongside
the executive order which provides additional context that may be helpful.
What further ado? Here it is.
Establishment of the strategic Bitcoin Reserve and United States digital asset stockpile.
Executive order March 6th, 2025.
By the authority vested in me as president by the Constitution and the laws of the United
States of America, it is hereby ordered.
Section 1.
Background.
Bitcoin is the original cryptocurrency.
The Bitcoin protocol permanently caps the total supply of Bitcoin, BTC, at 21 million coins
and has never been hacked.
As a result of its scarcity and security, Bitcoin is often referred to as digital gold.
Because there is a fixed supply of BTC, there is a strategic advantage to being among the
first nations to create a strategic Bitcoin reserve.
The United States government currently holds a significant amount of BTC, but has not implemented
a policy to maximize BTC's strategic position as a unique store of value in the global financial
system just as it is in our country's interest to thoughtfully manage national ownership
and control of any other resource, our nation must harness, not limit, the power of digital
assets for our prosperity.
Section 2.
Policy.
It is the policy of the United States to establish a strategic Bitcoin reserve.
It is further the policy of the United States to establish a United States digital asset
stockpile that can serve as a secure account for orderly and strategic management of the
United States other digital asset holdings.
Section 3.
Creation and administration of the strategic Bitcoin reserve and United States digital
asset stockpile.
The Secretary of the Treasury shall establish an office to administer and maintain control
of custodial accounts collectively known as the Strategic Bitcoin Reserve, capitalized
with all BTC held by the Department of the Treasury that was finally forfeited as part
of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty
imposed by any executive department or agency, and that is not needed to satisfy requirements
under 31 USC 9705 or released pursuant to subsection D of this section, Government BTC.
Within 30 days of the date of this order, each agency shall review its authorities to
transfer any Government BTC held by it to the Strategic Bitcoin Reserve and shall submit
a report reflecting the result of that review to the Secretary of the Treasury.
Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold and shall
be maintained as reserve assets of the United States, utilized to meet governmental objectives
in accordance with applicable law.
B. The Secretary of the Treasury shall establish an office to administer and maintain control
of custodial accounts collectively known as the United States digital asset stockpile,
capitalized with all digital assets owned by the Department of the Treasury other than
BTC that were finally forfeited as part of criminal or civil asset forfeiture proceedings
and that are not needed to satisfy requirements under 31 USC 9705 or released pursuant to
subsection D of this section, Stockpile Assets.
Within 30 days of the date of this order, each agency shall review its authorities to transfer
any stockpile assets held by it to the United States digital asset stockpile and shall submit
a report reflecting the result of that review to the Secretary of the Treasury.
The Secretary of the Treasury shall determine strategies for responsible stewardship of
the United States digital asset stockpile in accordance with applicable law.
B. The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring
additional government BTC provided that such strategies are budget-neutral and do not impose
incremental costs on United States taxpayers.
However, the United States government shall not acquire additional stockpile assets other
than in connection with criminal or civil asset forfeiture proceedings or in satisfaction
of any civil money penalty imposed by an agency without further executive or legislative action.
D. Government digital assets means all government BTC and all stockpile assets.
The head of each agency shall not sell or otherwise dispose of any government digital
assets except in connection with the Secretary of the Treasury's exercise of his authority
and responsible stewardship of the United States digital asset stockpile pursuant to
subsection B of this section or pursuant to an order from a court of competent jurisdiction
as required by law or in cases where the Attorney General or other relevant agency head determines
that the government digital assets or the proceeds from the sale or disposition thereof
can and should, 1. Be returned to identifiable and verifiable victims of crime, 2. Be used
for law enforcement operations, 3. Be equitably shared with state and local law enforcement
partners or 4. Be released to satisfy requirements under 31 USC 9705, 28 USC 524C, 18 USC 981
or 21 USC 881E. Within 60 days of the date of this order, the Secretary of the Treasury
shall deliver an evaluation of the legal and investment considerations for establishing
and managing the strategic Bitcoin Reserve and United States digital asset stockpile
going forward, including the accounts in which the strategic Bitcoin Reserve and United States
digital asset stockpile should be located and the need for any legislation to operationalize
any aspect of this order or the proper management and administration of such accounts.
Section 4 Accounting Within 30 days of the date of this order, the
head of each agency shall provide the Secretary of the Treasury and the President's working
group on digital asset markets with a full accounting of all government digital assets
in such agencies possession, including any information regarding the custodial accounts
in which such government digital assets are currently held that would be necessary to
facilitate a transfer of the government digital assets to the strategic Bitcoin Reserve or
the United States digital asset stockpile. If such agency holds no government digital
assets, such agency shall confirm such fact to the Secretary of the Treasury and the President's
working group on digital asset markets within 30 days of the date of this order.
Section 5 General Provisions A. Nothing in this order shall be construed to
impair or otherwise affect. 1. The authority granted by law to an executive department
or agency or the head thereof. Or 2. The functions of the Director of the Office of
Management and Budget relating to budgetary, administrative or legislative proposals.
3. This order shall be implemented consistent with applicable law and subject to the availability
of appropriations. C. This order is not intended to and does not create any right or benefit,
substantive or procedural and forcible at law or inequity by any party against the United
States, its departments, agencies or entities, its officers, employees or agents, or any
other person. The White House. March 6, 2005.
Fact Sheet President Donald J. Trump establishes the Strategic
Bitcoin Reserve and U.S. Digital Asset Stockpile. March 6, 2005.
Considering a Strategic Bitcoin Reserve and Digital Asset Stockpile. Today, President
Donald J. Trump signed an executive order to establish a Strategic Bitcoin Reserve and
a U.S. Digital Asset Stockpile, positioning the United States as a leader among nations
in government digital asset strategy. The order creates a Strategic Bitcoin Reserve
that will treat Bitcoin as a reserve asset. The Strategic Bitcoin Reserve will be capitalized
with Bitcoin owned by the Department of Treasury that was forfeited as part of criminal or
civil asset forfeiture proceedings. Other agencies will evaluate their legal authority
to transfer any Bitcoin owned by those agencies to the Strategic Bitcoin Reserve. The United
States will not sell Bitcoin deposited into the Strategic Bitcoin Reserve, which will
be maintained as a store of reserve assets. The Secretaries of Treasury and Commerce are
authorized to develop budget neutral strategies for acquiring additional Bitcoin, provided
that those strategies impose no incremental costs on American taxpayers. It also established
a U.S. Digital Asset Stockpile, consisting of digital assets other than Bitcoin, owned
by the Department of Treasury that were forfeited in criminal or civil asset forfeiture proceedings.
The government will not acquire additional assets for the U.S. Digital Asset Stockpile
beyond those obtained through forfeiture proceedings. The Secretary of the Treasury
may determine strategies for responsible stewardship, including potential sales from the U.S. Digital
Asset Stockpile. Agencies must provide a full accounting of their digital asset holdings
to the Secretary of the Treasury and the President's working group on digital asset markets.
This order ensures a strategic approach to managing digital assets under U.S. control,
addressing a crypto management gap. Bitcoin, the original cryptocurrency, is referred to
as digital gold because of its scarcity and security, having never been hacked. With a
fixed supply of 21 million coins, there is a strategic advantage to being among the first
nations to create a strategic Bitcoin reserve. The United States currently holds a significant
amount of Bitcoin, but has not maximized its strategic position as a unique store of value
in the global financial system. Premature sales of Bitcoin have already cost U.S. taxpayers
over $17 billion. The executive order begins to resolve the current disjointed handling
of cryptocurrencies seized through forfeiture by and scattered across various federal agencies.
Currently, no clear policy exists for managing these assets, leading to a lack of accountability
and inadequate exploration of options to centralize, secure, or maximize their value. Taking affirmative
steps to centralize ownership, control, and management of these assets within the federal
government will ensure proper oversight, accurate tracking, and a cohesive approach to managing
the government's cryptocurrency holdings. This move harnesses the power of digital assets
for national prosperity, rather than letting them languish in limbo.
Delivering on pledge to make America the crypto capital of the world. President Trump is fulfilling
his promise to position America as the global leader in cryptocurrency. President Trump
promised to make the United States the crypto capital of the world, emphasizing the need
to embrace digital assets to drive economic growth and technological leadership. In his
first week in office, President Trump signed an executive order to promote United States
leadership in digital assets such as cryptocurrency. President Trump has consistently advocated
for a forward-thinking approach to crypto, stating,
I am very positive and open-minded to cryptocurrency companies, and all things related to this
new and burgeoning industry, our country must be a leader in the field. President Trump promised
to create a strategic Bitcoin reserve and a digital asset stockpile. President Trump
appointed a crypto czar and is hosting the first ever crypto summit at the White House.
Just a few of the many ways this administration is demonstrating its strong commitment to
this digital asset.
All right, that is that. I hope you enjoyed this read-through and it saved you some time
from reading it yourself. Regardless of where you fall on this, I think it is pretty safe
to say that this is a historic moment. I'd also like to remind everyone that Bitcoin
doesn't need government, but government does very clearly need Bitcoin and realizes its
strategic value. One thing that does bear highlighting in these two pieces we just read
is that the United States will not be acquiring any additional digital assets. They will try
to acquire additional Bitcoin through budget-neutral operations. They also stated that they will
not be selling any Bitcoin, but they will be selling the digital assets. So again, in
case that wasn't clear, the government is very, very strongly saying they will not
sell any Bitcoin, they will acquire more Bitcoin, and they will sell digital assets, and they
will not acquire any more digital assets. So if you are holding crypto and you're not
holding Bitcoin, this should probably worry you a little bit because even the United States
government appears to recognize that there is no second best digital asset. There is
Bitcoin and there is everything else. And if you are holding Bitcoin, great. But if you
are not holding Bitcoin and you are holding some other crypto asset, you are in for a
rude awakening. Now, this really shouldn't come as a surprise because the mean and terrible
toxic Bitcoin maxis have been telling you this for a very long time. But who knows?
Maybe now that the US government is saying the same thing, you'll actually listen, sell
all of your other crypto tokens, and go all in on Bitcoin. But hey, this is not financial
advice, you're free to continue holding all of those different crypto assets. You know,
the ones created by centralized companies that literally just dump on you because you
are their exit liquidity, while they themselves use the proceeds from dumping their useless
tokens on you to go acquire Bitcoin, because they realize that it is the only one of these
things that has value and cannot just be arbitrarily created out of thin air. Lastly, again, I just
want to emphasize that the government needs Bitcoin. Bitcoin doesn't need the government.
Bitcoin is already succeeding as evidenced by the fact that the government is treating
it this way. This was a natural step, something that was always going to happen if Bitcoin
was going to succeed. The fact that the United States and I'm sure many other countries
will be getting on board the Bitcoin train is a signal to you that Bitcoin is winning.
If Bitcoin was losing, they wouldn't care. I would also caution Democrats to not make
this a partisan thing. Again, Bitcoin doesn't care about you and your political parties,
Bitcoin just is. But if you try to politicize this, if you try to make Bitcoin into a Trump
thing, you are literally only hurting yourselves and the constituents you supposedly represent.
But again, I'm not telling you what to do, you are free to go make this a Trump thing
and absolutely wreck yourself. But anyway, that is all for today. I wanted to get on
here quick and record this for you. I hope you guys find this valuable. If you're not
already, make sure to follow this show on X at TITCOIN Podcast, on Noster at primal.net
slash TITCOIN, and subscribe to the Bitcoin podcast wherever you are watching or listening.
Bitcoin is scarce, but Bitcoin podcasts are abundant. So thank you for spending your scarce
time to listen to the Bitcoin podcast. Until next time, stay free.