The president of the United States signed the executive order that enables the creation of the cryptoactive reserve.
The president of the United States, Donald Trump, signed an executive order on Thursday to create the Bitcoin strategic reserve and the US Digital Assets Reserve. It will be capitalized with confiscated cryptoactive. The president wants to make the country “World Capital of cryptocurrencies.”
“The reservation It will be capitalized with bitcoins owned by the federal government that have been confiscated as part of seizures of criminal or civil assets. This means that taxpayers will not cost them even a penny, “he reported David Sacks, Cryptocurrency specialist and artificial intelligence of the White House.
According to official calculations, the United States Federal Administration has around 200,000 bitcoins. However, so far a complete survey was made to resolve the total number. “The Executive Order orders a complete accounting of federal government digital assets,” Sacks said.
Donald Trump’s promise: turn the US “world capital of cryptocurrencies”
In addition, the official said that no bitcoin deposited in the reserve will be sold. “It will be kept as a value reserve. The reserve is like a strong digital KNOX for cryptocurrency often called” digital gold “,” he said. And he assured that the executive order “underlines President Trump’s commitment to make the United States the “World Capital of cryptocurrencies” “.
In that sense, he said that “Bitcoins premature sales” have cost US taxpayers “more than US $17,000 million in lost value.” With that new Bitcoin reserve, the federal government “will have a strategy to maximize the value of its holdings.”
The order authorizes the Secretaries of Treasury and Commerce “to develop budgetary strategies to acquire additional bitcoins, provided that these strategies do not have incremental costs for US taxpayers,” Sacks continued.
In parallel, the measure also establishes a reserve of US digital assets. It will consist of digital assets “different from Bitcoin confiscated in criminal or civil procedures.” The government promised not to acquire additional assets “beyond those obtained through confiscation procedures.” The objective of the reserves “is the responsible administration of the digital assets of the government under the department of the Treasury.”
The White House official highlighted the new measure as a campaign promise “fulfilled” by President Trump, who had committed to his voters to create a strategic Bitcoins reserve and a deposit of digital assets. “Those promises have been fulfilled,” Sacks said.
The Crypto and Artificial Intelligence official thanked the president “for his leadership and vision by supporting this avant -garde technology and for his rapid execution in support of the digital asset industry.” As he said, the current administration “advances to” technological speed. “
Source: Ambito
