Key dealers
- President Trump is considering stopping selling confiscated crypto assets and creating a digital asset storage.
- The proposed US reserve would include Bitcoin, Ethereum, Ripple, Solana and Cardano.
President Donald Trump evaluates a political change that would prevent the government from selling confiscated bitcoin and crypto assets from criminal cases, instead creating a national digital asset storage, Bloomberg reported Thursday, with reference to sources that are familiar with the matter.
The evaluation comes when the White House wants to promote discussions about the initiative at its Crypto summit on Friday.
President Trump has proposed to set up a US Crypto Reserve, with Bitcoin, Ether and other valuable crypto assets’the heart‘Of that. However, the proposal is facing major obstacles, including the requirement for Congress’s approval among political and taxpayers’ concerns.
The administration can explore alternative approaches, including building a warehouse solely from seized crypto assets without making market purchases.
In today’s public statementDavid Sacks, the White House AI and Crypto Czar, stated that the US government could have made another $ 17 billion if it had retained the 195,000 bitcoin it sold over the past decade.
Over the past decade, the federal government sold approximately 195,000 Bitcoin for revenue of $ 366 million. If the government had had bitcoin, it would be worth over $ 17 billion today. This is how much it has cost US taxpayers not to have a long -term strategy.
– David Sacks (@Davidsacks47) March 6, 2025
According to Sacks, the government’s short -term sales strategy cost US taxpayers enormously because the assets were sold for $ 366 million but would be worth over $ 17 billion today.
At present, the US government has various crypto assets obtained through attacks, with Bitcoin consisting of a large part. The proposed layer, if facilitated with seized crypto assets, would effectively create a reserve that was heavily weighted against Bitcoin.
A proposal for tax treatment of crypto assets, which requires review and approval by Congress, is also discussed. Sources indicate that these measures are still in the examination phase and may be revised or abandoned.
The white house’s crypto summit will take place in less than 48 hours. Some selected industry leaders, such as Coinbase CEO Brian Armstrong and Michael Saylor, will join government officials to discuss financing and legislative aspects of the reserve.
According to Saylor, Bitcoin is the only one Neutral access For a US Crypto Reserve. Bitcoin’s decentralized nature qualifies it uniquely as a basic asset for crypto economy.
In an interview on Wednesday, the strategy co -founder claimed that Bitcoin’s universal adoption could ensure economic stability and financial sovereignty for the nation.
Saylor indirectly dismissed the idea of including other tokens such as XRP in the reserves and separating Bitcoin as the primary access for long -term strategic reserves.
