Trump Establishes U.S. Crypto Reserve Using Seized Assets

The executive order consolidates confiscated cryptocurrencies into a federal reserve, with plans to manage and potentially expand holdings under strict conditions.

President Trump signed an executive order creating a U.S. crypto reserve and stockpile using cryptocurrencies seized in criminal and civil cases.
The reserve primarily focuses on Bitcoin but includes other cryptocurrencies like Ethereum, Ripple's XRP, Solana, and Cardano in a separate stockpile.
The order prohibits the use of taxpayer money for new crypto purchases, though future acquisitions may occur through 'budget neutral' methods like Bitcoin bonds.
Critics argue the move legitimizes volatile and speculative digital assets, benefiting existing crypto holders and industry insiders.
Proponents claim the initiative could position the U.S. as a global leader in digital assets, potentially prompting other nations to adopt similar reserves.