President Donald Trump has announced a groundbreaking executive order to form a Strategic Bitcoin Reserve similar to a digital Fort Knox. This initiative mandates that all seized Bitcoin be retained in a national reserve as a store of value. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are tasked with developing strategies to increase the reserve without impacting taxpayers.

The move has electrified the crypto community with leaders like Michael Saylor and Senator Cynthia Lummis applauding the policy as a strong push for U.S. leadership in the digital economy. Saylor highlighted the establishment of the world’s largest Strategic Bitcoin Reserve under the U.S. while Lummis emphasized America’s new stance as the global hub for bitcoin and digital assets.

Responses from key industry figures like Coinbase CEO Brian Armstrong and Bitwise CIO Matt Hougan suggest that this U.S. initiative will not only discourage a Bitcoin ban but may also trigger similar actions among G20 nations. Armstrong sees it as a historic moment for Bitcoin potentially leading to a global adoption wave encouraged by the U.S. leadership.