Bitget News: Trump Signs Executive Order to Establish Strategic Bitcoin Reserve

In a groundbreaking move, the U.S. government has taken a significant step towards embracing cryptocurrency. President Trump has signed an executive order to create a strategic Bitcoin reserve, funded through assets seized in criminal and civil cases. Here’s a closer look at the details and implications of this historic decision.

Trump Signs Executive Order to Establish Strategic Bitcoin Reserve

The White House AI and crypto policy lead, David Sacks, announced that President Trump has signed an executive order to create a strategic Bitcoin reserve funded through assets seized in criminal and civil cases. The U.S. government reportedly holds around 200,000 BTC and will conduct a full audit. The Bitcoin in the reserve will not be sold. Additionally, a U.S. digital asset reserve has been established to manage other seized digital assets. Meanwhile, the White House Crypto Summit is scheduled for March 8 at 2:30 AM (UTC+8). Other key market highlights include U.S. economic indicators such as the February unemployment rate and non-farm payrolls.

Bitget Daily Digest (March 8) | Crypto Summit and Odin.fun Withdrawal Issues

The U.S. president hosted the inaugural crypto summit, bringing together treasury officials, regulators, and crypto industry leaders. However, the event ultimately produced no substantive policies, and the official livestream was cut off early. Investors remain cautious awaiting further policy clarity. Additionally, users have reported difficulties withdrawing funds from Odin.fun, a Bitcoin ecosystem project. The developer clarified that no hack occurred, and all BTC deposits remain fully backed.