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President Trump Establishes Crypto Reserve to ‘Make America the Bitcoin Superpower of the World.’
By William Upton, The National Pulse.com, March 7, 2025
President Donald J. Trump and his White House economic team have laid out key details of his plan to establish a national Bitcoin reserve amid the increasingly popular use of cryptocurrencies worldwide. Late Thursday, President Trump signed an executive order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
Speaking at the White House Crypto Summit on Friday, Treasury Secretary Scott Bessent asserted the U.S. government intends to use stablecoins and other cryptocurrency assets as part of a broader plan to maintain the U.S. dollar’s status as the global reserve currency. Meanwhile, President Trump emphasized that China’s entry into the crypto market necessitates the establishment of a government cryptocurrency reserve.
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“Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we’re taking historic action to deliver on that promise,” President Trump said, flanked by a number of his economic advisors. “Yesterday, I signed an executive order officially creating our Strategic Bitcoin Reserve, and this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury.”
President Trump stressed that the Treasury and Commerce Departments will be directed to explore additional avenues to acquire Bitcoin digital assets, but only through methods that come at no expense to taxpayers. Additionally, the President stated he has directed federal agencies to end ongoing regulatory and legal action that could harm cryptocurrency development and adoption.
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