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Trump signs executive order establishing U.S. strategic bitcoin reserve

  • Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, which includes digital currency seized in US criminal proceedings.
  • Trump's advisor David Sacks stated the order fulfilled a campaign promise, emphasizing crypto's importance to Trump's coalition.
  • Treasury Secretary Scott Bessent noted that stablecoins would help maintain US dollar dominance in a multipolar world, stressing the risks of using crypto.
  • Trump hosted significant crypto industry figures at the White House to create policies that support crypto growth and legitimacy in the industry.
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Blockhead broke the news in on Thursday, March 6, 2025.
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