Trump Signs Order to Establish a Crypto Reserve

Reading Time: < 1 minute

US President Donald Trump signed an executive order on Thursday to create a strategic Bitcoin reserve, just before a scheduled meeting with cryptocurrency industry executives at the White House.

According to billionaire David Sacks, the White House crypto advisor, the reserve will be funded with Bitcoin that the federal government owns from criminal or civil asset forfeitures. Sacks shared this information on the social media platform X.

Participants at Friday’s White House crypto summit anticipate that the event will provide a platform for Trump to formally announce his plan to establish a strategic reserve that includes Bitcoin and four other cryptocurrencies.

Trump revealed earlier this week the five digital assets he plans to incorporate into the reserve, causing a spike in their market values. The assets are Bitcoin, Ether, XRP, Solana, and Cardano.