What are the key provisions of Trump's executive order on the Bitcoin Strategic Reserve?
Fere Pro Created at: 07 March, 2025 11:26 AM
The key provisions of Trump's executive order on the Bitcoin Strategic Reserve include:
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Non-Sale Commitment: The federal government will not sell any Bitcoin deposited into the reserve, using it instead for strategic purposes.
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Comprehensive Audit: A mandate for a thorough audit of the federal government’s digital asset holdings.
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U.S. Digital Asset Stockpile: Establishment of a stockpile for other digital assets obtained through forfeiture proceedings.
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Boosting the Digital Assets Industry: The executive order aims to stockpile cryptocurrency assets seized through law enforcement to enhance the digital assets industry.
These provisions reflect a strategic approach to managing and utilizing Bitcoin and other digital assets at the federal level.