When will the Bitcoin reserve of the United States appear?

Trump’s signing of the decree on cryptocurrencies closer to midnight was reported by Reuters journalists. He did it in the Oval Office, where David Sachs, responsible for policy in the field of artificial intelligence and cryptocurrencies, was also present. The latter explained the essence of the decree to the president and shared its key points.

US President Donald Trump and David Sachs, responsible for policy in crypto and AI

Overall, the executive order involves the creation of an internal working group that will focus on making America the cryptocurrency capital of the world and will examine activities related to digital assets. Sachs will lead this direction.

Here are the main provisions of Trump’s executive order on cryptocurrencies:

1. Government agencies are prohibited from issuing or promoting central bank digital currencies (CBDCs) – and both within and outside the United States. In this way, the US president is realising his election promise. However, Trump announced the ban on CBDC, which is seen by many as an instrument of additional government influence on people, a long time ago.
2. A presidential working group on digital asset markets will be formed. Its task is to develop recommendations for regulation and legislative initiatives that will be used to manage the market.
3. The said group will present federal regulations for the regulation of digital assets within 180 days, which will include stablecoins. In other words, it is possible to expect the approval of a legal framework for crypto in theory in 2025.
4. In addition, the working group will assess the possibility of creating a national reserve of digital assets and propose criteria for its formation. Cryptocurrencies that have been legally seized by the federal authorities will also be taken into account.

That is, the decree does contain a mention of a cryptocurrency reserve, which is also certain to be created in the United States.

Who will the mentioned presidential working group on cryptocurrencies consist of? As Cointelegraph notes, we are talking about the US Treasury Secretary, the Attorney General, the Chairman of the Securities and Exchange Commission (SEC), the Chairman of the Commodity Futures Trading Commission (CFTC), members of Trump’s cabinet and other agency heads.

Cryptocurrency investor during the bullrun

In addition, with his new executive orders, Trump cancelled the March 2022 executive order of previous US President Joe Biden. In it, he ordered US government agencies to create a regulatory framework for cryptocurrencies.

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Why has Trump’s executive order on cryptocurrencies been criticised?

Trump’s cryptocurrency executive order in the early days of his presidency is a definite positive for the digital asset industry. Still, it promises to create clarity on what’s going on with coins, as well as turn US regulators into allies of the coin sphere rather than enemies.

However, Bitcoin fans were dissatisfied with the document of the new American president. Still, there was no mention of BTC in it, which created fears due to the possible inclusion of other coins in the reserve.


It is important to note that we are talking about the so-called Bitcoin maximalists, who consider only BTC to be a real cryptocurrency. They see no point in other coins and criticise them in every possible way. Although some experts believe that in this way "maximalists" are afraid of competition and do not want investors' capital to be channelled into other digital assets, as this will directly affect their earnings.


Cryptocurrency investors

Well-known Bitcoin fan and podcast host Peter McCormack pointed out that the executive order does not contain a single mention of BTC. It talks about digital assets, which could easily include other coins – and that includes those created by U.S. developers.

Here’s a comment from Travis Kling, chief investment officer at Ikigai Asset Management.

Yes, Bitcoin maximalists do suffer over the phrase “digital assets.”

However, there were other opinions on this. For example, Satoshi Action Fund manager Dennis Porter called the phrase “digital asset” more neutral. Accordingly, it will create “less political friction” in the future and is more likely to be approved in Congress.

The expert said the following.

Technically neutral language along the lines of “digital assets” is a proven and effective way to achieve the ultimate goal: making the U.S. the largest holder of bitcoins in the world.

Last night, Senator Cynthia Lummis was selected to chair the Digital Assets Subcommittee within the Senate Banking Committee. In her Twitter address on the occasion, she emphasised the need for a strategic Bitcoin reserve to strengthen the dollar’s position.

Senator Cynthia Lummis’ comments on the need to develop a Bitcoin reserve


It looks like the US government has indeed made a complete U-turn on crypto compared to what was happening under Joe Biden. Which means that in time, America will eventually get adequate bills to regulate the coin sphere and attract developers. Eventually something like this will surely end up with the accumulation of major cryptocurrencies.


Look for more interesting stuff in our crypto chat. We look forward to seeing you there.

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