Trump’s Strategic Bitcoin Reserve and Digital Asset Stockpile, explained
Trump’s executive order aims to create a Strategic Bitcoin Reserve and a US Digital Asset Stockpile of forfeited assets (non-BTC) owned by the Treasury.
Donald Trump’s stance on cryptocurrency has shifted significantly over time. From 2019 to 2021, Trump expressed skepticism toward Bitcoin (BTC), calling it volatile and a threat to the US dollar, but by 2024, he reversed his stance, pledging support for crypto, proposing a US Strategic Bitcoin Reserve and criticizing the Biden administration’s anti-crypto policies.
Trump’s administration generally took a cautious stance on crypto:
