Trump Announces Plans for U.S. Digital Asset Reserve to Boost Bitcoin Holdings

In a statement made during the White House Crypto Summit on March 8th, U.S. President Trump announced that the Treasury Department and Commerce Department will actively seek fresh strategies to accumulate additional Bitcoin reserves. He emphasized the importance of protecting taxpayers by asserting, “I don’t want taxpayers to bear any cost.” To this end, Trump has directed federal agencies to conduct a thorough inventory of the digital assets currently held by the U.S. government. This initiative aims to facilitate their transfer to the Treasury Department, establishing a new U.S. Digital Asset Reserve. Such measures underscore the growing recognition of cryptocurrencies within governmental frameworks and reflect an evolving strategy towards digital assets as the U.S. navigates the future of financial innovation.