Trump Establishes U.S. Strategic Bitcoin Reserve in Push for Crypto Leadership

The president's executive order aims to position the U.S. as a global leader in cryptocurrency, raising concerns over ethics and economic impact.

President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, using seized crypto assets already in government possession.
The reserve, described as a 'virtual Fort Knox,' is part of Trump's broader goal to make the U.S. the 'Bitcoin superpower' and legitimize cryptocurrency on a global scale.
The administration's close ties to the crypto industry, including significant donations from crypto executives to Trump's campaign and inaugural fund, have raised ethical concerns.
Trump's policies mark a significant shift from the previous administration, ending investigations into crypto firms and pledging regulatory clarity for digital assets.
Critics warn that the reserve could increase volatility in crypto markets and highlight potential conflicts of interest within the administration's leadership.