Original text of the US Bitcoin Reserve Program Editor's note: This executive order announces the establishment of a strategic Bitcoin reserve and a US digital asset reserve to strengthen the management of Bitcoin and other digital assets in the United States. The Ministry of Finance is responsible for the custody and management of government held Bitcoin and other digital assets, and is not allowed to sell them at will unless they meet specific legal requirements. Each institution is required to report its holdings of government digital assets within the prescribed time and assist in transferring them to newly established reserves. The government will develop a Bitcoin acquisition strategy without additional financial burden, while ensuring legal compliance and optimizing digital asset management to safeguard the national financial strategic interests. The following is the original content (for ease of reading and understanding, the original content has been reorganized): According to the presidential powers granted to me by the Constitution and laws of the United States, I hereby order: Article 1 Background Bitcoin is the earliest cryptocurrency. The Bitcoin protocol permanently limits the total supply of Bitcoin (BTC) to 21 million and has never been hacked. Due to its scarcity and security, Bitcoin is often referred to as' digital gold '. Due to the fixed supply of BTC, countries that establish strategic Bitcoin reserves first will gain a strategic advantage. At present, the US government holds a large amount of BTC, but has not yet formulated policies to maximize the strategic value of BTC in the global financial system. Just as properly managing the ownership and control of other resources by the state is in line with national interests, we must harness rather than limit the potential of digital assets to promote national prosperity. Article 2 Policy The policy of the United States is to establish strategic Bitcoin reserves. At the same time, the United States will also establish a US digital asset reserve as a secure account for orderly and strategic management of other digital assets held by the United States. Article 3: Establishment and Management of Strategic Bitcoin Reserves and US Digital Asset Reserves. (a) The Secretary of the Treasury shall establish an office responsible for managing and controlling a custodial account called the "Strategic Bitcoin Reserve," which shall be funded by BTC held by the Treasury and ultimately confiscated due to criminal or civil asset confiscation proceedings, or paid as a result of civil fines imposed by any administrative department or agency (hereinafter referred to as "agency"), and shall not be deemed to meet the requirements of Section 9705 of Title 31 of the United States Code or released under paragraph (d) of this section (hereinafter referred to as "government BTC"). Within 30 days from the date of issuance of this order, each institution shall review its authorization to determine whether it can transfer its government BTC holdings to strategic Bitcoin reserves, and submit a report on the review results to the Minister of Finance. The government BTC deposited in the strategic Bitcoin reserve shall not be sold, but shall be used as a reserve asset of the United States to achieve government goals in accordance with applicable laws. (b) The Secretary of the Treasury shall establish an office responsible for managing and controlling a custodial account called the "United States Digital Asset Reserve," which shall be funded by all digital assets held by the Treasury Department, except BTC, that are ultimately seized through criminal or civil asset confiscation proceedings and are not assets that meet the requirements of Section 9705 of Title 31 of the United States Code or are released under paragraph (d) of this section (hereinafter referred to as "Reserve Assets"). Within 30 days from the date of issuance of this order, each institution shall review its authorization to determine whether it can transfer its held reserve assets to the US Digital Asset Reserve and submit a report on the review results to the Secretary of the Treasury. The Secretary of the Treasury should develop a strategy for responsible management of the United States' digital asset reserves in accordance with applicable laws. (c) The Secretary of the Treasury and the Secretary of Commerce should develop strategies to obtain additional government BTC, provided that these strategies remain budget neutral and do not incur additional costs to American taxpayers. However, unless further administrative or legislative action is taken, the US government shall not acquire any reserve assets other than proceeds from criminal or civil asset confiscation proceedings or civil fines. (d) 'Government digital assets' refer to all government BTC and all reserve assets. Unless the Secretary of the Treasury manages the United States digital asset reserve in accordance with paragraph (b) of this section, or disposes of it in accordance with a court order of competent jurisdiction, or the Attorney General or relevant agency head determines that government digital assets (or proceeds from their sale) can and should: (i) Return to identifiable and verifiable victims of crime; (ii) Used for law enforcement actions; (iii) Fair sharing with state and local law enforcement partners; (iv) Used to meet the requirements of Title 31, Section 9705, Title 28, Section 524 (c), Title 18, Section 981, or Title 21, Section 881 of the United States Code, otherwise, the heads of each agency shall not sell or otherwise dispose of any government digital assets. (e) Within 60 days from the date of issuance of this order, the Secretary of the Treasury shall submit an evaluation report analyzing the legal and investment considerations for establishing and managing strategic Bitcoin reserves and US digital asset reserves, including which accounts these reserves should be held in, and whether legislation is needed to enforce the relevant provisions of this order or ensure proper management and operation of these accounts. Article 4 Account Accounting Within 30 days from the date of issuance of this order, the heads of each agency shall provide the Secretary of the Treasury and the Presidential Digital Asset Market Working Group with complete accounting information for all government digital assets held by the agency, including information on the custody accounts currently held by the government digital assets, in order to facilitate their transfer to the Strategic Bitcoin Reserve or the US Digital Asset Reserve. If an institution does not hold any government digital assets, it shall confirm the situation with the Secretary of the Treasury and the Presidential Digital Asset Market Working Group within 30 days after the issuance of this order. Article 5 General Provisions (a) This command shall not be interpreted as weakening or otherwise affecting: (i) The power granted by law to any administrative department, institution or its responsible person; perhaps (ii) The functions of the Director of the Office of Administrative Management and Budget in relation to budget, administrative, or legislative proposals. (b) The implementation of this order shall comply with applicable laws and be subject to the allocation of funds. (c) This order is not intended to and does not constitute any right or benefit, whether substantive or procedural, that either party may claim or enforce at law or in equity against the United States, its departments, agencies, entities, officials, employees, agents, or any other person.