EO 14233
Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile
Economy & TradeGovernment ReformTechnology
Ad Space (leaderboard)
Summary
This executive order directs the U.S. Treasury Department to establish a Strategic Bitcoin Reserve using all bitcoin currently held by the federal government from asset forfeitures and civil penalties, and a separate Digital Asset Stockpile for other cryptocurrencies. The order prohibits selling these assets and requires the Treasury and Commerce departments to develop strategies for acquiring additional bitcoin on a budget-neutral basis.
Key Points
- 1Creates a Strategic Bitcoin Reserve administered by the Treasury Department, capitalized with all bitcoin held by the federal government from criminal/civil asset forfeiture and civil penalties
- 2Establishes a separate United States Digital Asset Stockpile for non-bitcoin cryptocurrencies obtained through similar forfeitures
- 3Prohibits sale or disposal of government digital assets except through court order, law enforcement operations, victim restitution, or to satisfy legal requirements
- 4Directs Treasury and Commerce to develop budget-neutral strategies for acquiring additional bitcoin without imposing costs on taxpayers
- 5Requires all federal agencies to review and report their digital asset holdings and transfer applicable assets to these reserves within 30 days
- 6Mandates Treasury to evaluate legal and investment considerations within 60 days and assess whether legislation is needed
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
Ad Space (rectangle)