EO: STRATEGIC BITCOIN RESERVE
TL;DR
This Executive Order creates a framework for managing U.S. government-held Bitcoin and other digital assets, [does this include DOGE coin I wonder?] ensuring strategic use while maintaining legal and fiscal responsibility [does this administration even know what that means].
Background
Bitcoin is a valuable, scarce asset, often called "digital gold."
The U.S. holds significant Bitcoin but lacks a policy for leveraging it in the global financial system.
Policy
Establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile for government-held digital assets.
Key Provisions
Strategic Bitcoin Reserve:
Managed by the Treasury Secretary.
Funded by BTC from forfeitures or penalties.
BTC will not be sold, only used for governmental objectives.
Digital Asset Stockpile:
Managed by the Treasury for non-Bitcoin digital assets.
Agencies must transfer assets to the Stockpile.
Acquisition of BTC:
Treasury and Commerce will develop strategies to acquire BTC without additional costs.
Disposal of Assets:
Digital assets can’t be sold except for law enforcement or restitution purposes.
Accountability
Agencies must report and transfer digital assets to the Reserve/Stockpile.
Treasury to evaluate and report on management strategies within 60 days.