Fox News Reporter: Trump's executive order established two types of digital asset holding mechanisms
PANews reported on March 7th that Fox Business News reporter Eleanor Terrett posted on the X platform stating that Trump's executive order established two different digital asset storage mechanisms:
1. Strategic Reserve, which only stores Bitcoin (BTC). The initial funds come from about 200,000 Bitcoins obtained by the government over many years through criminal and civil confiscation. Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoins without increasing taxpayer burden, positioning it as a national-level digital value reserve.
2. Digital Asset Stockpile, which includes other digital assets besides Bitcoin - possibly including XRP, ADA, ETH and SOL among others. The Treasury Department is responsible for "responsible management" of the government-held digital assets. The government will only explore neutral budgetary methods to purchase more Bitcoins and will not actively seek to increase the number of other digital assets in the stockpile. The executive order also requires a comprehensive audit of all currently held government digital assets to ensure transparency in asset management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Key Overnight Developments on March 9
Overview of Important Developments on March 8th at Noon
Trump: The Treasury and Commerce Departments will explore new ways to accumulate more BTC
Trending news
MoreCrypto prices
More








