(5MinNewsBreak.com) – America’s financial resurgence is inching closer following President Donald Trump’s bold move to turn the nation into the “crypto capital of the world.”
The president just signed an executive order to create the Crypto Strategic Reserve, which will use $17 billion worth of seized cryptocurrency already owned by the government.
Watch the video down below.
By doing so, President Trump is positioning the United States as the global leader in digital assets without costing taxpayers a dime.
The reserve will initially hold approximately 200,000 Bitcoin tokens obtained through criminal seizures.
However, expansion plans include four other cryptocurrencies: Ethereum, XRP, Solana, and Cardano.
The president’s order directly addresses the previously disorganized handling of digital assets seized by various federal agencies.
It centralizes ownership and management of these valuable assets under proper federal oversight to maximize their value for American taxpayers.
Unlike Joe Biden’s regulatory crackdown on cryptocurrency, President Trump’s approach embraces new technology as a means to strengthen America’s economic position.
The White House is hosting its first-ever crypto summit and has appointed a dedicated “crypto czar” to oversee the initiative.
“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field,” stated President Trump.
The executive order directs the Secretaries of Treasury and Commerce to develop budget-neutral strategies for acquiring additional bitcoin without imposing costs on taxpayers.
This approach ensures fiscal responsibility while positioning America at the forefront of the digital asset revolution.
Critics from the liberal establishment have predictably attacked the plan, claiming cryptocurrencies are too volatile or speculative.
However, supporters point out the potential for reducing national debt and protecting against economic uncertainty.
“As Bitcoin matures and its market deepens, its volatility is likely to decrease, making it more stable as a store of value,” noted The Bitcoin Policy Institute.
Venture capitalist David Sacks described the initiative as creating “a digital Fort Knox for cryptocurrency,” highlighting its potential to secure America’s economic future.
The announcement has already had a significant market impact, with the prices of the five named cryptocurrencies rising dramatically.
Under Biden, the Securities and Exchange Commission had pursued aggressive lawsuits against major cryptocurrency exchanges.
Meanwhile, the Trump administration has dropped these lawsuits, signaling a more business-friendly environment for innovation.
President Trump signs an Executive Order establishing the Strategic Crypto Reserve and U.S. Digital Asset Stockpile 🇺🇸 pic.twitter.com/IZlf6Wi4ES
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 7, 2025
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