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LINK $8.64 -2.97%
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ZEC $260.31 -8.86%

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

2025-03-07 08:45:59
Collection

ChainCatcher news, Fox reporter Eleanor Terrett posted on X that Trump's executive order establishes two distinct digital asset storage mechanisms:

  1. Strategic Reserve that only stores Bitcoin (BTC): regarded as the best value storage digital asset.

Initial funding source: approximately 200,000 Bitcoins obtained by the government over the years through criminal and civil forfeiture;

Unique authorization: Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoins without increasing the taxpayer burden.

  1. Digital Asset Stockpile that includes other digital assets besides Bitcoin: may include XRP, ADA, ETH, SOL, and other assets.

The Treasury is responsible for the "responsible management" of the digital assets held by the government;

The government will only explore budget-neutral ways to purchase more Bitcoins and will not actively seek to increase the quantity of other digital assets in the stockpile;

The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure asset management transparency.

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