The President endorsed an official directive to form a calculated Bitcoin fund.
David Sachs, the White House’s AI and Digital currency director, stated that President endorsed an official directive to create a calculated Bitcoin fund. This directive also forms a US Digital Asset Fund, which will hold non-Bitcoin digital properties gained via confiscation. The government won’t get more digital currency through other avenues.
Sachs revealed on his official X platform on Toncoin (TON) Value Forecast for March 26th 7 that the fund will be financed with Bitcoin (BTC) obtained through assets taken by the central government, meaning no public funds will be used. The administration has also guided the Treasury and Commerce Divisions to examine budget-neutral ways to get more Bitcoin without adding extra costs for citizens.
The official directive requires a thorough accounting of central digital property holdings and forbids the sale of Bitcoin in the fund, likening it to a “digital Fort Knox.” Sachs approximates that the US government now holds about 200,000 Bitcoins, but a full inspection hasn’t yet been done. Sachs noted that the government’s prior sales of Bitcoin have cost citizens over $17 billion in worth.
This action aims to improve the United States’ position in the digital currency sector, with Trump restating his goal of making the US the “world’s crypto capital.” If the government starts accumulating Bitcoin instead of selling it, this could reduce the supply and solidify Bitcoin’s status as a calculated asset similar to gold. As of the time of this writing, Bitcoin has decreased 3% in the past 24 hours, with a price of $86,600, and the market hasn’t yet responded to the news. However, this regulation could reduce government Bitcoin sales, signaling a long-term positive catalyst.
In other policy decisions, Trump has also endorsed an official directive to delay taxes on imports from Mexico and Canada for nearly a month.
On Truth Social, Donald Trump declared that items within the USMCA commerce pact will maintain having no import taxes, subsequent to talks with authorities from Canada and Claudia Sheinbaum, Mexico’s incoming president. Nevertheless, commodities outside of the USMCA, such as avocados and energy from Canada, could yet be exposed to import taxes.
