ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE EXECUTIVE ORDER

White House.gov ^ | March 6, 2025 | The White House

[Morgana]

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

Section 1. Background. Bitcoin is the original cryptocurrency. The Bitcoin protocol permanently caps the total supply of bitcoin (BTC) at 21 million coins, and has never been hacked. As a result of its scarcity and security, Bitcoin is often referred to as “digital gold”. Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve. The United States Government currently holds a significant amount of BTC, but has not implemented a policy to maximize BTC’s strategic position as a unique store of value in the global financial system. Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resource, our Nation must harness, not limit, the power of digital assets for our prosperity.

Sec. 2. Policy. It is the policy of the United States to establish a Strategic Bitcoin Reserve. It is further the policy of the United States to establish a United States Digital Asset Stockpile that can serve as a secure account for orderly and strategic management of the United States’ other digital asset holdings.

Sec. 3. Creation and Administration of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.

(a) The Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “Strategic Bitcoin Reserve,” capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any executive department or agency (agency) and that is not needed to satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection (d) of this section (Government BTC). Within 30 days of the date of this order, each agency shall review its authorities to transfer any Government BTC held by it to the Strategic Bitcoin Reserve and shall submit a report reflecting the result of that review to the Secretary of the Treasury. Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold and shall be maintained as reserve assets of the United States utilized to meet governmental objectives in accordance with applicable law.

(b) The Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “United States Digital Asset Stockpile,” capitalized with all digital assets owned by the Department of the Treasury, other than BTC, that were finally forfeited as part of criminal or civil asset forfeiture proceedings and that are not needed to satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection (d) of this section (Stockpile Assets). Within 30 days of the date of this order, each agency shall review its authorities to transfer any Stockpile Assets held by it to the United States Digital Asset Stockpile and shall submit a report reflecting the result of that review to the Secretary of the Treasury. The Secretary of the Treasury shall determine strategies for responsible stewardship of the United States Digital Asset Stockpile in accordance with applicable law.

(c) The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers. However, the United States Government shall not acquire additional Stockpile Assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action.

(d) “Government Digital Assets” means all Government BTC and all Stockpile Assets. The head of each agency shall not sell or otherwise dispose of any Government Digital Assets, except in connection with the Secretary of the Treasury’s exercise of his lawful authority and responsible stewardship of the United States Digital Asset Stockpile pursuant to subsection (b) of this section, or pursuant to an order from a court of competent jurisdiction, as required by law, or in cases where the Attorney General or other relevant agency head determines that the Government Digital Assets (or the proceeds from the sale or disposition thereof) can and should:

(i) be returned to identifiable and verifiable victims of crime;

(ii) be used for law enforcement operations;

(iii) be equitably shared with State and local law enforcement partners; or

(iv) be released to satisfy requirements under 31 U.S.C. 9705, 28 U.S.C. 524(c), 18 U.S.C. 981, or 21 U.S.C. 881.

(e) Within 60 days of the date of this order, the Secretary of the Treasury shall deliver an evaluation of the legal and investment considerations for establishing and managing the Strategic Bitcoin Reserve and United States Digital Asset Stockpile going forward, including the accounts in which the Strategic Bitcoin Reserve and United States Digital Asset Stockpile should be located and the need for any legislation to operationalize any aspect of this order or the proper management and administration of such accounts.

Sec. 4. Accounting. Within 30 days of the date of this order, the head of each agency shall provide the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets with a full accounting of all Government Digital Assets in such agency’s possession, including any information regarding the custodial accounts in which such Government Digital Assets are currently held that would be necessary to facilitate a transfer of the Government Digital Assets to the Strategic Bitcoin Reserve or the United States Digital Asset Stockpile. If such agency holds no Government Digital Assets, such agency shall confirm such fact to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets within 30 days of the date of this order.

Sec. 5. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

THE WHITE HOUSE, March 6, 2025

[Morgana]

I really must speak to the White house intern about the proper use of the CAPS key.

[delta7]

From the EO, “ The Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “Strategic Bitcoin Reserve,” capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings…”

Civil Asset Forfeiture, a crime in itself. Also note Bitcoin is not anonymous, if the Fed’s can gain access to your Bitcoins, it is not even close to cash, Gold, or any other forms of currency.

That said, good to know President Trump is not foolish enough to waste taxpayers money on Bitcoin.

[KC_Conspirator]

Should have called it the crypto currency reserve.

[Waywardson]

The people of the free world have a choice right now. A digital asset controlled by no one, free, open sourced, and totally transparent, or some future leftist coin that is the mark of the beast level to track and control which can be shut off or transferred without your consent or knowledge.

Bitcoin IS that Free and Independent digital asset.

Trump has chosen wisely. Will you?

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[alexander_busek]

Bitcoin is often referred to as “digital gold”.

Except that gold has at least some actual real-world usefulness - e.g., in industrial applications.

Regards,

[rellic]

My only question is this what happens when power goes down and stays down?
A few well placed EMP’s can do that.
Could take years to recover.

[Drago]

You have bigger problems if the power goes down and stays down nationwide...your Social Security payments stop, your pension payments stop, you paycheck direct deposits stop, your credit card stops, your job probably stops w/o electricity, etc. etc. etc.. Bitcoin is pretty resilient, get a generator up and running and you have back-up satellite Bitcoin blockchain streaming, and there is HAM radio Bitcoin blockchain streaming too. There are tens of thousands of Bitcoin nodes worldwide (including my house) that can come back online with solar or generator power and start processing transactions again (and every individual node has a record of ALL Bitcoin transactions since origination in 2009).

[EnderWiggin1970]

Except that gold has at least some actual real-world usefulness

The timestamp feature of the bitcoin protocol is worth billions of dollars in itself, and is a comparable example of how the bitcoin blockchain offers utility independent of being a store of value. Insofar as it is the most heavily secured cryptographic record in existence, the ability to log data in it with each transaction provides unmatched proof of a statement being made at a given point in time.

In the future it can be anticipated that things like vehicle titles and house deeds will be registered on similar blockchains, though the value of the bitcoin blockchain probably precludes mundane use cases like this due to the expense that would be involved.

[EnderWiggin1970]

A few well placed EMP’s can do that.

The bitcoin ledger is fully distributed with complete and independent copies on thousands of nodes worldwide and in space (on microsatellites). Needless to say some of those are in heavily secured and EMP resistant facilities. Every single copy would need to be eliminated to shut down the blockchain.

If such an absolute and total event were to take place, we're back to the stone age if not worse.

[rellic]

I’m not talking about the storage. I’m talking about external computers needed to access the Bitcoin.
If you can’t get into the vault. The money is no good.

[EnderWiggin1970]

Over 95% of the fiat money everyone is using is in the same boat. Actually much worse due to the centralized ledgers they entirely rely on, since those would be much more likely to be eliminated or cut off due to being based on just a tiny number of nodes for each.

Bottom line being that bitcoin users would regain access to their BTC much faster and actually be able to transact with it sooner than those waiting for banking systems to recover.

[rellic]

You’ll sound like a city boy.
I live in very rural Hawaii.
I am set up for months of supplies and fiat money,
as I can’t drive off the island, so we we have to be prepared.

[Bernard]

If the government needs a physical location to store all of this thin air, I recommend Fort Xanadu.

[Bloody Sam Roberts]

Exactly my first thoughts on crypto currency.

[Vermont Lt]

I often hear this comment.

First of all, that would take a nuclear strike on the US. If that happens, we have bigger issues than what currency to use.

Second, as long as there three or four computers running the system, it can be recovered immediately.

Finally, an EMP that strikes the entire nation isn’t among the capabilities of any nation on earth.

This is the stuff of mediocre science fiction novels. It should not be taken that seriously.

[Vermont Lt]

Also, 95% of transactions today are digital.

You lose power…those go away as well.

[farmguy]

Crypto is an abstraction on the dollar which is already an abstraction on gold.

A bigger question is: What happens when the rest of the world says we don’t want imaginary money, we want hard assets?

(and that goes for the over-inflated imaginary dollar too)

[telescope115]

Speaking of vaults, it seems like everybody’s forgetting about Fort Knox….

[Tommy Revolts]

I have chosen Bitcoin. Custodial, wallets, debit cards, credit cards. It’s been incredible.