Trump Launches Strategic Bitcoin Reserve, Aims to Make U.S. Crypto Capital

President Trump criticizes Biden's crypto policies and announces plans to bolster U.S. digital asset holdings without taxpayer costs.

President Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing forfeited bitcoin held by the federal government.
The reserve prohibits the sale of government-held bitcoin and aims to establish the U.S. as a global leader in cryptocurrency.
Trump criticized the Biden administration for selling significant amounts of bitcoin, calling the decision 'foolish.'
Treasury and Commerce Departments have been directed to explore cost-neutral strategies for increasing bitcoin holdings without taxpayer burden.
Crypto industry leaders and lawmakers praised the administration's collaborative approach during the first White House Crypto Summit.