STORY: :: Trump vows to make the U.S.

‘the crypto capital of the planet’

:: March 7, 2025

:: Washington, D.C.

“Last year, I promised to make America the bitcoin superpower of the world and the crypto capital of the planet. And we’re taking historic action to deliver on that promise, as you know, around the table.” // “I also want to express my strong support for the efforts of lawmakers in Congress as they work on bills to provide regulatory certainty for dollar backed stable coins and the digital assets market. They’re working very hard on that.” // “And as you know, China is pushing forward and very strongly as usual. But we’re way in the lead, as we are in AI and other things, and we want to stay there. So I thought this was very important. And we have some brilliant people sitting around this table, and it’s an honor to have you involved, we want to stay at the forefront of everything.”

On Thursday, Trump signed an executive order to establish a bitcoin and four other coins strategic reserve, directing the secretaries of Treasury and Commerce to develop “budget-neutral strategies” for acquiring additional bitcoin that have no “incremental costs” on taxpayers.

The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, White House crypto czar David Sacks said in a post on social media.

The plans disappointed some in the market who had hoped for a firm plan to buy new tokens.