Trump pledges to make US world's crypto capital

Cryptocurrency industry elite met with US President Donald Trump at the White House on March 7, 2025 to discuss how the government will enact Trump's vision of making the country the 'crypto capital of the world.' Trump on March 6 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, Sacks said in a post on social media platform X. The announcement weighed on the price of bitcoin, last down 1.4 percent at $88,194.

US NETWORK POOL / REUTERS

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