Trump Considers Executive Order to Create Bitcoin Reserve Using Seized BTC

In a move that could reshape the United States’ relationship with digital currencies, President Donald Trump is reportedly considering an executive order to establish a national Bitcoin reserve using seized BTC, this according to Bloomberg. The development comes as more than two dozen cryptocurrency executives, investors, and industry figures prepare to descend on the White House for a high-profile Crypto Summit on March 7, 2025.

The gathering, set to commence at 1:30 p.m. Eastern Time, marks a significant moment for an industry that has long sought legitimacy and influence in Washington. Attendees, including Coinbase CEO Brian Armstrong, Bitcoin advocate Michael Saylor of Strategy, and Robinhood’s Vlad Tenev, will join Trump to discuss the future of crypto policy under an administration that has signaled a sharp pivot toward embracing digital assets.

The summit follows Trump’s recent comments about a crypto reserve that would incorporate other crypto tokens like SOL, ADA, and XRP, a statement that briefly ignited a market rally before drawing skepticism from critics questioning the plan’s feasibility. Yet the White House event suggests broader ambitions. Sources familiar with ongoing discussions indicate Trump may unveil measures to halt the government’s practice of selling off cryptocurrencies seized in criminal cases, instead redirecting those assets into a national stockpile.

More ambitiously, an executive order could formalize a Bitcoin reserve, directing the government to acquire additional amounts of the leading cryptocurrency. Another potential policy shift under consideration involves revising the tax treatment of digital assets, though such a change would likely require Congressional approval. These proposals remain fluid, with insiders cautioning that final decisions are still pending.

A New Era for Crypto Policy

The White House summit underscores a dramatic shift in the political landscape for cryptocurrencies. Just a few years ago, the industry faced a hostile environment under the Biden administration, which ramped up regulatory scrutiny following the collapse of Sam Bankman-Fried’s FTX exchange in 2022. JP Richardson, CEO of Exodus Movement Inc., a digital wallet provider based in Omaha, Nebraska, described the event as a turning point. He noted that the invitation to discuss crypto policy directly with the president reflects a seriousness that was absent in prior years.

The attendance of figures like Chainlink co-founder Sergey Nazarov and Kraken’s Arjun Sethi further highlights the industry’s growing clout, bolstered by significant financial contributions to Trump’s campaign and inauguration from players like Coinbase and Ripple.

Trump’s evolution on crypto has been striking. Initially a skeptic during his first term, he warmed to the sector during his recent campaign, spurred by meetings with exchanges, Bitcoin miners, and a successful foray into offering NFTs. His pitch for a strategic Bitcoin stockpile, first floated at a Nashville industry conference in July 2024, resonated with an audience eager for a champion in Washington.

That vision gained momentum in January 2025, when Trump, shortly after his second inauguration, signed an executive order commissioning a study on a digital asset reserve. While that order stopped short of committing to Bitcoin as its cornerstone, the upcoming summit suggests he may now be ready to take bolder steps.

The administration’s crypto friendly stance has already yielded tangible results. Since Trump took office, the Securities and Exchange Commission has dropped or paused lawsuits and investigations targeting at least ten crypto firms, including Coinbase, Robinhood, and Uniswap Labs. This shift aligns with Trump’s Nashville pledge to oust former SEC Chair Gary Gensler, who stepped down in January.

Christopher Giancarlo, a former Commodity Futures Trading Commission chairman now with Paxos Trust Co., praised the summit as evidence of Trump fulfilling his campaign promises, signaling a new chapter for an industry poised to cement its place in the U.S. economy.