President Donald Trump signed an executive order Thursday establishing a “Strategic Bitcoin Reserve,” forcefully endorsing a currency once shunned as a tool for money launderers.
The government stockpile, which backers liken to a “digital Fort Knox,” will be composed of digital currency seized in US criminal proceedings, said David Sacks, the White House’s crypto “czar,” emphasizing in a social media post that Thursday’s move made good on a Trump campaign promise.