 
 
U.S. President Donald Trump has vowed that the federal government will never sell its Bitcoin holdings under his leadership.
Speaking at the first-ever White House Crypto Summit on Friday, Trump declared his ambition to make the United States the “Bitcoin superpower of the world and the crypto capital of the planet” emphasizing that his administration is taking historic steps to realize this vision.
“As you know, around the table yesterday, I signed an executive order officially creating our Strategic Bitcoin Reserve,” Trump stated. “This will be a virtual Fort Knox for digital gold, housed within the U.S. Treasury. That’s a big thing.”
Notably, the U.S. government holds nearly 200,000 Bitcoin, seized through civil forfeitures and enforcement actions. Trump made it clear that these holdings would form the foundation of the newly established reserve while blasting the Biden administration’s decision to liquidate tens of thousands of Bitcoin in recent years.
“Unfortunately, in recent years, the U.S. government has foolishly sold tens of thousands of additional Bitcoin worth billions and billions of dollars,” Trump said. “From this day on, America will follow the rule that every Bitcoiner knows well: Never sell your Bitcoin. That’s a little phrase they have…so far, it’s been right, so let’s keep it that way.”
 
To reinforce this long-term Bitcoin strategy, Trump has directed the Treasury and Commerce Departments to explore ways of accumulating additional Bitcoin holdings, without imposing costs on taxpayers. His executive order also mandates a federal inventory of all government-held crypto assets, with plans to consolidate them into a newly created U.S. digital asset stockpile.
Beyond securing Bitcoin reserves, Trump aimed at what he described as the Biden administration’s hostility toward the crypto industry. He accused regulators of targeting crypto businesses and blocking financial institutions from facilitating crypto transactions.
“All of that will soon be over. We are ending Operation Choke Point 2.0,” Trump asserted, referring to alleged regulatory efforts to stifle the crypto sector. He also supported lawmakers drafting legislation to provide regulatory clarity for stablecoins and digital assets, calling it a “tremendous opportunity for economic growth and innovation.”
Trump’s move comes amid reports that China is considering establishing its own Bitcoin Strategic Reserve. According to Bitcoin Magazine CEO David Bailey, Beijing began closed-door meetings shortly after the November 2024 U.S. elections. While the Chinese government has yet to make an official announcement, Bailey claims several influential Bitcoin advocates are involved in discussions.
Meanwhile, Deputy Anton Gorelkin says the establishment of a strategic reserve of cryptocurrencies (SBR) is “not yet being discussed” at the state level in Russia.
That said, creating a U.S. Bitcoin reserve marks a significant shift in how governments view digital assets, potentially accelerating Bitcoin’s role in global finance.
Source: https://zycrypto.com/trump-blasts-biden-administration-for-bitcoin-sales-pledges-to-never-sell/