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Trump's executive order establishes two types of digital asset holding mechanisms

2025-03-07 00:41

Odaily News Journalist Eleanor Terrett wrote in X that Trump’s executive order established two different digital asset storage mechanisms:
1. Strategic Reserve stores only Bitcoin (BTC) - considered the best digital asset for storing value Initial funding source: about 200,000 Bitcoins acquired by the government through criminal and civil forfeiture over the years Unique authorization: Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoin without increasing the burden on taxpayers Positioned as a national digital value reserve
2. The Digital Asset Stockpile contains other digital assets besides Bitcoin - possibly including XRP, ADA, ETH and SOL, among others. The Ministry of Finance is responsible for "responsible management" of the digital assets held by the government.
The government will only explore budget-neutral ways to buy more Bitcoin and will not actively seek to increase the amount of other digital assets in the reserve.
The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure transparency in asset management.