Former President Donald Trump pledged to maintain the current U.S. bitcoin holdings seized from financial criminals, during his keynote speech at the Bitcoin Conference in Nashville. The U.S. Marshals Service frequently auctions off seized cryptocurrencies, which can lead to price drops, as seen recently when Germany liquidated a large bitcoin stash. Establishing a U.S. Bitcoin reserve would require new legislation and congressional approval, and some lawmakers have initiated this process. The U.S. government's existing bitcoin stockpile, acquired from financial criminals, could be the foundation for a bitcoin strategic reserve.