The White House has shared the long-awaited digital asset report with the public. Here are the details of the report: In accordance with President Trump's Executive Orders 14178 and 14233, the United States has decided to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. These two structures will be managed by the US Treasury Department. The new system relies primarily on the valuation of digital assets seized by the state. Cryptocurrencies legally obtained through operations conducted by security forces will form the capital of the Reserve and Stock. These assets will be safeguarded by special units established by the Treasury. According to the report, Bitcoin held in the Strategic Bitcoin Reserve will generally not be sold and will only be used as a reserve for the government's legal objectives. Meanwhile, the Digital Asset Stockpile: Payment of compensation to identified crime victims, Supporting federal, state and local law enforcement agencies, To be used to fulfill the requirements of other legal forfeiture programs. Related News: Source Close to the Fed Comments on Interest Rate Decision and FOMC Statement - Here's What You Need to Know Additionally, the Ministry of Treasury and Trade will develop strategies for additional Bitcoin purchases that will not burden the budget. Appropriate storage solutions for the safe storage of digital assets will also be evaluated. The Treasury Department has submitted its initial assessments to the White House regarding the establishment and management of the Reserve and Stockpile. The process will be carried out in coordination with relevant working groups and the White House, with the goal of implementing these structures for the benefit of US citizens and taxpayers. *This is not investment advice. Continue Reading: BREAKING: White House Releases Long-Awaited Cryptocurrency Report – A Historic Moment, We Are First to Publish! Here Are the Details
