Name: Trump Doubles Down on Making U.S. ‘Bitcoin Superpower of the World’
Uploaded: 2025-03-07T23:00:00Z
Duration: 1 min 52 s
Description: President Trump hosted the first White House Crypto Summit in March, a day after he signed an executive order to establish a government reserve for bitcoin.

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President Trump hosted the first White House Crypto Summit in March, a day after he signed an executive order to establish a government reserve for bitcoin. Photo: Chris Kleponis/Press Pool

https://m.wsj.net/video/20250307/8c483e62-6bad-41a7-8ef4-15e281f3dfae/1/hls/manifest-hd-wifi.m3u8

President Trump hosted the first White House Crypto Summit in March, a day after he signed an executive order to establish a government reserve for bitcoin.

Trump Doubles Down on Making U.S. ‘Bitcoin Superpower of the World’

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, as you know, around the table. 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. That's a big thing. The federal government is already among the largest holders of Bitcoin, as you know. Really one of the largest holders in the world, with as many as 200,000 Bitcoin obtained via civil law and various other forms of law, and including enforcement actions. These existing holdings will form the foundation of the new reserve. The Treasury and Commerce Departments will also explore new pathways to accumulate additional Bitcoin holdings for the reserve, provided it's done at no cost to the taxpayers. We don't want any cost to the taxpayers. In addition, my order directs federal agencies to conduct an inventory of all crypto assets currently held by the US government and determine how they can be transferred easily to the Treasury. Non-Bitcoin digital assets will be held in a new US Digital Asset Stockpile, where they will be managed properly. I also want to express my strong support for the efforts of lawmakers and Congress as their work on bills to provide regulatory certainty for dollar-backed stable coins and the digital assets market. They're working very hard on that. This is a tremendous opportunity for economic growth and innovation in our financial sector, and we'll really go a long way.