AI and Crypto Czar David Sacks will speak to President Donald J.T. on January 23, 2025, when they signed an executive order at the White House’s oval office in Washington, DC.
Javin Botsford | Washington Post | Getty Images
President Donald Trump signed the executive order on Thursday. Bitcoin Reservations mark a major change in US digital asset policy.
Silicon Valley venture capitalists Whitehauscript and Izar David Sachs wrote in X’s post that the reserves are funded solely with Bitcoin seized in criminal and civil forfeiture cases, ensuring taxpayers are not burdened with financial burdens.
Estimates show that the US government controls around 200,000 Bitcoin, but no full audits have been conducted. Trump’s order requires comprehensive accounting for federal digital asset holdings, bans the sale of Bitcoin from protected areas, and places it as a permanent, valuable repository.
Additionally, the order establishes a US digital asset stockpile managed by the Treasury and holds other forfeitured cryptocurrencies.
Many crypto investors who supported Trump raised concerns in addition to Bitcoin in their posts about the true society of the president. ether, XRPSolana Sol Token, Cardano Ada The coin is part of a strategic crypto sanctuary.
“I have nothing for XRP, SOL or ADA, but I don’t think it’s suitable for strategic preparation,” wrote Bitcoin billionaire Tyler Winklevoss. “Today, only one digital asset in the world is encountering bars, and that digital asset is Bitcoin.”
Prior to the announcement, Castle Island venture Nic Carter told CNBC that the US is committed to a Bitcoin-only reserve, “will ratify Bitcoin as the resultant global asset somewhere in the gold territory.”
“Their stamps of approval do a lot for Bitcoin, as the US is clearly the most important country in the world,” Carter said.
Fintech investor Ryan Gilbert said the move would send a strong message to the institution that Bitcoin is here. He said the decision would further distinguish Bitcoin from other cryptocurrencies.
“There have been a lot of people out there who have said Bitcoin is the way to go for the last 10 and a half years. They’re ignoring other tokens,” Gilbert said. “As far as debate goes, I think Bitcoin will help separate it from everything else as a token, as an asset.”
But Gilbert said the US must be careful about how it manages its reserves.
“What we don’t want to see is that the US is actively trading Bitcoin,” he said. “The reserves should not introduce any speculation that drives the market, but rather be a long-term repository of value.”
Sachs praised the decision, calling it a milestone in making the United States the “crypto capital of the world.” He previously said that the US lost more than $17 billion in potential value by selling seized Bitcoin early.
According to Sacks, Treasury Secretary Scott Bessent and Treasury Secretary Howard Lutnick will focus on Bitcoin’s budget-neutral acquisition strategy to oversee further policy development.
Watch: Solana’s co-founder opposes Trump’s crypto spare proposal
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