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President Donald Trump just signed an Executive Order creating a strategic Bitcoin Reserve and Digital Asset Stockpile. I'm going to read through the full text of the Executive Order so you do not have to read it yourself. I'm also going to read through the text of the fact sheet that was provided alongside the Executive Order, which provides additional context that may be helpful. Without further ado, here it is Establishment of the Strategic Bitcoin Reserve and United States Digital Asset stockpile Executive Order March 6, 2025 by the authority vested in me as President by the Constitution and the Laws of the United States of America, it is hereby ordered section 1 background Bitcoin is the original cryptocurrency. The the Bitcoin Protocol permanently caps the total supply of Bitcoin at 21 million coins and has never been hacked as a result of its scarcity and security. Bitcoin is often referred to as digital gold because there is a fixed supply of btc. There is a strategic advantage to being among the first nations to create a strategic Bitcoin Reserve. The United States Government currently holds a significant amount of BTC but has not implemented a policy to maximize BTC's strategic position as a unique store of value in the global financial system. Just as it is in our country's interest to thoughtfully manage national ownership and control of any other resource, our nation must harness, not limit, the power of digital assets for our prosperity. Section 2 policy it is the policy of the United States to establish a Strategic Bitcoin Reserve. It is further the policy of the United States to establish a United States Digital Asset Stockpile that can serve as a secure account for orderly and strategic management of the United States other digital asset holdings. Section 3 Creation and Administration of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile the Secretary of the treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the Strategic Bitcoin Reserve, capitalized with all BTC held by the Department of the treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any Executive Department or agency and that is not needed to Satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection D of this section. Government BTC within 30 days of the date of this order, each agency shall review its authorities to transfer any Government BTC held by it to the Strategic Bitcoin Reserve and shall submit a report reflecting the result of that review to the Secretary of the Treasury Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold and shall be maintained as reserve assets of the United States utilized to meet governmental objectives in accordance with applicable law. B. The Secretary of the treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the United States Digital Asset Stockpile, capitalized with all digital assets owned by the Department of the treasury other than BTC that were finally forfeited as part of criminal or civil asset forfeiture proceedings and that are not needed to Satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection D of this section. Stockpile assets within 30 days of the date of this order, each agency shall review its authorities to transfer any stockpile assets held by it to the United States Digital asset stockpile and shall submit a report reflecting the result of that review to the Secretary of the Treasury. The Secretary of the treasury shall determine strategies for responsible stewardship of the United States Digital asset stockpile in accordance with applicable law. C. The Secretary of the treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers. However, the United States Government shall not acquire additional stockpile assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by an agency without further executive or legislative action. D. Government Digital Assets means all Government BTC and all stockpile assets. The head of each agency shall not sell or otherwise dispose of any government digital assets except in connection with the Secretary of the Treasury's exercise of his authority and responsible stewardship of the United States Digital Asset stockpile pursuant to subsection B of this section or pursuant to an order from a court of competent jurisdiction as required by law, or in cases where the Attorney General or other relevant agency head determines that the Government digital assets or the proceeds from the sale or disposition thereof can and should 1. Be returned to identifiable and verifiable victims of crime 2. Be used for law enforcement operations 3. Be equitably shared with State and local law enforcement partners or be be released to Satisfy requirements under 31 USC 9705, 28 USC 524C, 18 USC 981, or 21 USC 881E. Within 60 days of the date of this order, the Secretary of the treasury shall deliver an evaluation of the legal and investment considerations for establishing and managing the Strategic Bitcoin Reserve and United States Digital Asset stockpile going forward, including the accounts in which the Strategic Bitcoin Reserve and United States Digital Asset Stockpile should be located and the need for any legislation to operationalize any aspect of this order or the proper management and administration of such accounts. Section 4. Accounting within 30 days of the date of this order, the head of each agency shall provide the Secretary of the treasury and the President's Working Group on Digital Asset Markets with a full accounting of all Government digital assets in such agency's possession, including any information regarding the custodial accounts in which such government digital assets are currently held that would be necessary to facilitate a transfer of the Government digital assets to the Strategic Bitcoin Reserve or the United States Digital Asset Stockpile. If such agency holds no Government digital assets, such agency shall confirm such fact to the Secretary of the treasury and the President's Working Group on Digital asset markets within 30 days of the date of this order. Section 5. General Provisions A. Nothing in this order shall be construed to impair or otherwise 1. The authority granted by law to an executive department or agency or the head thereof or two. The functions of the Director of the Office of Management and Budget relating to budgetary, administrative or legislative proposals. This order shall be implemented consistent with applicable law and subject to the availability of appropriations. This order is not intended to and does not create any right or benefit, substantive or procedural, enforceable at law or in equity, by any party against the United States, its departments, agencies or entities, its officers, employees or agents, or any other person. The White House March 6, 2005 Fact Sheet President Donald J. Trump establishes the Strategic bitcoin reserve and US digital asset stockpile March 6, 2005 creating a strategic bitcoin Reserve and Digital Asset Stockpile Today, President Donald J. Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, positioning the United States as a leader among nations in government digital asset strategy. The order creates a strategic Bitcoin Reserve that will treat Bitcoin as a reserve asset. The Strategic Bitcoin Reserve will be capitalized with Bitcoin owned by the Department of Treasury that was forfeited as part of criminal or civil asset forfeiture proceedings. Other agencies will evaluate their legal authority to transfer any Bitcoin owned by those agencies to the Strategic Bitcoin Reserve. The United States will not sell Bitcoin deposited into the Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets. The Secretaries of Treasury and Commerce are authorized to develop budget neutral strategies for acquiring additional Bitcoin provided that those strategies impose no incremental costs on American taxpayers. It also established a US Digital asset stockpile consisting of digital assets other than Bitcoin owned by the Department of Treasury that were forfeited in criminal or civil asset forfeiture proceedings. The government will not acquire additional assets for the US Digital asset stockpile beyond those obtained through forfeiture proceedings. The Secretary of the treasury may determine strategies for responsible stewardship, including potential sales from the US Digital asset stockpile. Agencies must provide a full accounting of their digital asset holdings to the Secretary of the treasury and the President's Working Group on Digital Asset Markets. This order ensures a strategic approach to managing digital assets under US Control. Addressing a Crypto Management Gap Bitcoin, the original cryptocurrency, is referred to as digital gold because of its scarcity and security, having never been hacked with a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a strategic Bitcoin reserve. The United States currently holds a significant amount of Bitcoin, but has not maximized its strategic position as a unique store of value in the global financial system. Premature sales of Bitcoin have already cost US taxpayers over $17 billion. The executive order begins to resolve the current disjointed handling of cryptocurrencies seized through forfeiture by and scattered across various federal agencies. Currently, no clear policy exists for managing these assets, leading to a lack of accountability and inadequate exploration of options to centralize, secure or maximize their value. Taking affirmative steps to centralize ownership, control and management of these assets within the federal government will ensure proper oversight and accurate tracking and a cohesive approach to managing the government's cryptocurrency holdings. This move harnesses the power of digital assets for national prosperity rather than letting them languish in limbo. Delivering on Pledge to Make America the Crypto Capital of the World President Trump is fulfilling his promise to position America as the global leader in cryptocurrency. President Trump promised to make the United States the crypto capital of the world, emphasizing the need to embrace digital assets to drive economic growth and technological leadership. In his first week in office, President Trump signed an Executive order to promote United States leadership in digital assets such as cryptocurrency. President Trump has consistently advocated for a forward thinking approach to crypto, stating, I am very positive and open minded to cryptocurrency companies and all things related to this new and burgeoning industry. Our country must be a leader in the field. President Trump promised to create a strategic bitcoin reserve and a digital asset stockpile. President Trump appointed a crypto czar and is hosting the first ever crypto summit at the White House. Just a few of the many ways this administration is demonstrating its strong commitment to to this digital asset. All right, that is that. I hope you enjoyed this read through and it saved you some time from reading it yourself. Regardless of where you fall on this, I think it is pretty safe to say that this is a historic moment. I'd also like to remind everyone that Bitcoin doesn't need government, but government does very clearly need Bitcoin and realizes its strategic value. One thing that does bear highlighting in these two pieces we just read is that the United States will not be acquiring any additional digital assets. They will try to acquire additional Bitcoin through budget neutral operations. They also stated that they will not be selling any Bitcoin, but they will be selling the digital assets. So again, in case that wasn't clear, the government is very, very strongly saying they will not sell any Bitcoin, they will acquire more Bitcoin and they will sell digital assets and they will not acquire any more digital assets. So if you are holding crypto and you're not holding Bitcoin, this should probably worry you a little bit because even the United States government appears to recognize that there is no second best digital asset. There is Bitcoin and there is everything else. And if you are holding bitcoin, great. But if you are not holding bitcoin and you are holding some other crypto asset, you are in for a rude awakening. Now this really shouldn't come as a surprise because the mean and terrible toxic bitcoin maxis have been telling you this for a very long time. But who knows, maybe now that the US Government is saying the same thing, you'll actually listen, sell all of your other crypto tokens and go all in on bitcoin. But hey, this is not financial advice. You're free to continue holding all of those different crypto assets. You know, the ones created by centralized companies that literally just dump on you because you are their exit liquidity, while they themselves use the proceeds from dumping their useless tokens on you to go acquire Bitcoin because they realize that it is the only one of these things that has value and cannot just be arbitrarily created out of thin air. Lastly, again, I just want to emphasize that the government needs Bitcoin. Bitcoin doesn't need the government. Bitcoin is already succeeding as evidenced by the fact that the government is treating it this way. This was a natural step, something that was always going to happen if bitcoin was going to succeed. The fact that the United States and I'm sure many other countries will be getting on board the bitcoin train is a signal to you that bitcoin is winning. If bitcoin was losing, they wouldn't care. I would also caution Democrats to not make this a partisan thing. Again. Bitcoin doesn't care about you and your political parties. Bitcoin just is. But if you try to politicize this, if you try to make bitcoin into a Trump thing, you are literally only hurting yourselves and the constituents you supposedly represent. But again, I'm not telling you what to do. You are free to go make this a Trump thing and absolutely wreck yourself. But anyway, that is all for today. I wanted to get on here quick and record this for you. I hope you guys find this valuable. If you're not already, make sure to follow this show on X at Itcoin Podcast on Nostr@primal.net Titcoin and subscribe to the Bitcoin podcast wherever you are watching or listening. Bitcoin is scarce, but bitcoin podcasts are abundant. So thank you for spending your scarce time to listen to the Bitcoin podcast. Until next time, stay free.