₿ULLISH: President Trump Exploring Executive Order to Establish Bitcoin Reserve

President Donald Trump is reportedly exploring an executive order to establish a Bitcoin reserve, according to Bloomberg. The move could be announced at a crypto summit in Washington on Friday, where key industry leaders will gather.

One potential plan under discussion is for the government to stop selling seized cryptocurrencies and instead use them to create a national stockpile. Another option being considered is revising the tax treatment of digital assets, Bloomberg reported, citing sources familiar with the matter. While these plans could still change, they align with Trump’s recent push to make the U.S. a global leader in crypto.

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Executives from major crypto firms, including Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi, and Crypto.com CEO Kris Marszalek, are expected to attend Friday’s summit.

Trump’s administration has taken a significantly more pro-crypto stance than its predecessor. Last weekend, he directed his crypto working group to move forward on a “crypto strategic reserve” that may include Bitcoin, Ethereum, Solana, XRP, and Cardano. In January, he had already issued an executive order to explore the creation of a national digital asset stockpile.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, both members of the working group, are involved in shaping the initiative. Lutnick recently stated that Trump has been committed to the idea since his campaign and that Bitcoin will likely play a central role, while other cryptocurrencies may be handled differently.

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The White House is expected to clarify its crypto reserve strategy later on Thursday or Friday, with some debate over terminology.

Resources:

Bloomberg