A First-Day Trump Order: A Federal Stockpile of Bitcoin?

Published On Jan 16, 2025, 11:14 AM

The cryptocurrency industry is lobbying President-elect Donald J. Trump to establish a federal Bitcoin reserve, which he proposed during his campaign. The plan involves the U.S. government potentially buying and holding billions of dollars in Bitcoin, aiming to create a permanent national asset that could help in reducing the national debt. While details of the proposal are still under discussion, industry executives believe this could be a priority for the Trump administration early on. The U.S. currently possesses an estimated $19 billion in Bitcoin seized from criminal activities, which could be part of the reserve discussion.