Trump’s announcement, posted on Truth Social, emphasized that the reserve would elevate the crypto industry after what he described as years of attacks under the previous administration. He noted that his January executive order on digital assets directed the Presidential Working Group to advance this initiative, with potential plans to use cryptocurrencies seized in law enforcement actions rather than direct purchases. More details are expected at the White House Crypto Summit scheduled for Friday, March 7, hosted by Trump and featuring key figures like David Sacks, his appointed AI and Crypto Czar.

Exciting news from Trump on elevating the crypto industry and using seized cryptocurrencies for law enforcement actions. Looking forward to the White House Crypto Summit for more insights! 🚀 