President Donald Trump signed an executive order on Thursday creating a Strategic Bitcoin Reserve. The reserve will be funded by bitcoin seized in criminal and civil forfeiture cases, ensuring no taxpayer burden.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump signed an executive order on Thursday creating a strategic Bitcoin reserve.
00:07The reserve will be funded by Bitcoin seized in criminal and civil forfeiture cases,
00:11ensuring no taxpayer burden. Trump's order mandates a comprehensive audit of federal
00:16digital asset holdings and prohibits the sale of Bitcoin from the reserve.
00:21A U.S. digital asset stockpile will hold other confiscated cryptocurrencies.
00:25White House crypto and AI czar David Sachs and other officials praised the decision,
00:29emphasizing its potential to make the U.S. the crypto capital of the world.