US President Donald Trump signed an executive order Thursday for establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers.
The government stockpile, which backers liken to a "digital Fort Knox," will be composed of digital currency seized in US criminal proceedings, said David Sacks, the White House's crypto "czar," emphasizing in a social media post that Thursday's move made good on a Trump campaign promise.
The use of these assets "means it will not cost taxpayers a dime," Sacks said in a post on X.
"The purpose of the Stockpile is responsible stewardship of the government's digital assets under the Treasury Department."
President Donald Trump has ordered a suspension of all military aid to Ukraine, escalating tensions with President Volodymyr Zelenskiy following a heated confrontation in the Oval Office. The move has cast uncertainty over Ukraine’s most crucial ally.
According to a senior official from the US Department of Defense, who spoke anonymously, all pending military assistance will remain on hold until Trump is sa...