Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

This EO directs the Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “Strategic Bitcoin Reserve,” capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any executive department or agency (agency) and that is not needed to satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection (d) of this section (Government BTC) Further, the Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “United States Digital Asset Stockpile,” The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC.

• All

Immediately, 30 days, 60 days.

Agencies shall review its authorities to transfer any Government BTC held by it to the Strategic Bitcoin Reserve and shall submit a report reflecting the result of that review to the Secretary of the Treasury. Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold and shall be maintained as reserve assets of the United States utilized to meet governmental objectives in accordance with applicable law (30 days); The Secretary of the Treasury shall deliver an evaluation for establishing and managing the Strategic Bitcoin Reserve and United States Digital Asset Stockpile going forward (60 days); The head of each agency shall provide the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets with a full accounting of all Government Digital Assets in such agency’s possession (30 days).

No known legal challenges.