Trump Signs Executive Order To Establish Government Bitcoin Reserve

6 weeks ago President Donald Trump has signed an executive order establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey towards possible mainstream acceptance. Under Trump’s new order, the U.S. government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s “crypto czar” David Sacks. The executive order calls for a “full accounting” of the government’s bitcoin holdings, which Sacks said has never been fully audited. He added that the U.S. government has previously sold off about 195,000 bitcoin over the last decade for $366 million. He said those bitcoins would be worth about $17 billion if the government hadn’t sold them.