The president of the United States, Donald Trump, completed his promise by signing an executive order to establish a strategic Bitcoin (SBR) reserve in the country.
Summary
- Donald Trump signed an executive order and approved the Bitcoin strategic reserve.
- The Texas Senate also officially approved the Bitcoin strategic reserve.
- Experts believe that a new announcement will come from Trump soon with respect to the cryptographic sector.
Donald Trump, the 45th President of America, recently announced the Crypto Strategic Reserve (CSR) and confirmed that the country will directly consider the celebration and invest in the cryptocurrencies of Bitcoin, Ethereum, Cardano, Solana and XRP. This was only part of the announcement, without official development.
Today, only one hour ago since the moment of publication of this report, Donald Trump’s cryptographic tsar informed The cryptographic community that the president officially signed an executive order to establish a strategic Bitcoin (SBR) reserve.
According to this new initiative, the United States government will not use public funds or taxpayers to buy Bitcoin and will not sell any bitcoin obtained through criminal or civil loss.
In addition, a storage of lost digital assets that are not Bitcoin will be created, without additional acquisitions, and this reserve will be administered by the Treasury Department.
To acquire more bitcoins, Treasury and Commerce secretaries are authorized to develop neutral budget strategies, at no additional cost for taxpayers.
In response to this development of Probitcoin, Cynthia Lummis, Wyoming American senator of Wyoming, said Donald Trump maintained the promise he made during the presidential campaign.
He also said that such initiatives will make the United States a crypto country of capital in the world.
Cryptographic Summit of the White House
As we know, the president of the United States has a plan for a cryptographic summit on Friday, so the official work for the cryptographic sector of the United States is very important.
Fox Business News reporter Eleanor Terrett said Trump could also announce some new things about the Crypto Strategic Reserve (CSR) to make the discussion about cryptocurrencies more constructive at the White House Crypto summit.
Eleanor predicted that more ads can be related to Chokepoint 2.0, a secret attack of the United States government agencies against cryptographic companies when restricting banking services for cryptographic companies. And there are also tax related possibilities.
According to the reports, almost 20 main executives and defenders of Crypto will join the summit for a constructive discussion about the Bitcoin & Crypto sector.
Texas Bitcoin Strategic Reserve Bill SB21
On March 6, 2025, the Texas Senate officially approved SB21 bill, which allows Texas State Government to have Bitcoin as part of its financial reserves. With this, Texas became the first American state that followed the Bitcoin strategic reserve (BSR).
Under SB21, Texas aims to diversify its financial holdings, coverage against inflation and push the adoption of Bitcoin at the state level to achieve the state objective of becoming a center for blockchain innovation.
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Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice and viewers must consult their financial advisors before investing.
