White House AI and Crypto Caesar David Sachs say that President Trump has signed an executive order to create a strategic bitcoin reserve.
According to Sachs’ March 7 announcement on its official X handle, the reserve will be funded by the Bitcoin (BTC) seized by the federal government, which means that taxpayers will not bear any cost.
Sachs estimated that the US government holds around 200,000 BTCs, although a full audit has never been done. The Executive Order makes full accounting of federal digital asset holdings and bans the sale of bitcoins in the reserve, comparing it to “Digital Fort Knoc”.
Trump reiterated his goal of making the United States a “Crypto Rajdhani of the world”, this step wants to improve the country’s standing in the crypto industry. Additionally, the order establishes an American digital asset stockpile consisting of other non-bitCoins digital assets that have been seized through seizure. However, the government will not acquire additional crypto beyond these means.
Trump’s administration is also directing Treasury and Commerce Departments to locate taxpayers to obtain more bitcoins without additional costs. Sachs mentioned that the previous government costs the cost of more than $ 17 billion at the lost price to the sales taxpayers.
At the press time, bitcoin is 3% below $ 86,600 in the last 24 hours, and the market has not yet responded to the news. However, regulation may reduce the sales of the government of bitcoin, indicating a long -term positive catalyst. This can tighten the supply and strengthen the condition of bitcoin as gold -like strategic assets if the government starts depositing it instead of selling it.
In other policy decisions, Trump also signed the executive functions delaying the tariff on Mexican and Canadian imports for about a month. Truth social according to Trump, later Discussion With Canadian officials and Mexican President Claudia Shinbam, the USMCA will be free from tariffs covered by the trade agreement.
The goods that have not been covered under the USMCA, such as avocados and Canadian energy, may still be subject to duties.
