Trump signs executive order to establish strategic Bitcoin reservesOn March 7th, the White House cryptocurrency chief announced that Trump signed an executive order to establish a strategic Bitcoin reserve. The reserve will be funded by Bitcoin owned by the federal government, which has been seized through criminal or civil asset confiscation procedures. The government will not purchase any additional assets for the reserve other than those obtained through asset confiscation procedures. The government will not sell any Bitcoin deposited in reserves. The Minister of Finance and the Minister of Commerce are authorized to develop strategies to maintain budget neutrality in order to obtain more Bitcoin. The executive order also established the US Digital Asset Reserve.