US Expands Strategic Bitcoin Reserve 🚀
During a conversation with Gemini founders at Bitcoin 2025, David Sacks, the U.S. crypto advisor, revealed plans to expand the U.S. Strategic Bitcoin Reserve. Established by an executive order from President Trump on March 6, this reserve initially comprised 200,000 BTC obtained through forfeitures. The goal is to increase holdings without additional taxpayer costs. Sacks mentions potential funding strategies, like using surplus from government programs or revaluing assets. A report highlighted the missed deadline for progress updates. Beyond the reserve, the Trump administration has taken several pro-crypto actions, including pardoning Ross Ulbricht and banning CBDCs. Efforts to enhance domestic Bitcoin mining underline their commitment to making the U.S. a leader in this field. Sacks suggests by August many crypto policies could be enacted.
FAQ
❓ What is the U.S. Strategic Bitcoin Reserve?
It's a government-held Bitcoin reserve established by President Trump's executive order, initially composed of 200,000 BTC acquired through legal forfeitures.
❓ How does the U.S. plan to expand its Bitcoin holdings?
The expansion aims to be budget-neutral, potentially using government surpluses or revalued assets for funding without increasing taxpayer burden.
❓ What other crypto policies has the Trump administration enacted?
Apart from the Bitcoin reserve, the administration has banned CBDCs, pardoned Ross Ulbricht, hosted a crypto summit, and pushed legislation to support the crypto industry.