David Sacks: Aside from seizing acquired assets, the U.S. government will not purchase other cryptocurrencies for strategic reserves

ChainCatcher news, White House AI and cryptocurrency chief David Sacks posted on social media that the executive order signed by President Trump also establishes a U.S. digital asset reserve, which includes digital assets other than Bitcoin seized in criminal or civil proceedings.

Apart from assets obtained through the forfeiture process, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.