Key Points

• Trump’s Executive Order refers to Bitcoin as “digital gold.”
• Meanwhile, the Texas SBR bill passed the Senate floor.

On March 6, US President Donald Trump signed an Executive Order establishing the Strategic Bitcoin Reserve (SBR) and US digital asset stockpile. With Bitcoin’s fixed supply of 21 million coins, the US has the strategic advantage of being among the first nations to create an SBR.

The US AI and Crypto Czar, David Sacks, revealed the official document in a post via X.

Establishment of the SBR and Digital Asset Stockpile

The Executive Order debuts by highlighting that Bitcoin is the original cryptocurrency with a total supply of 21 million BTC and it has never been hacked. Bitcoin is called “digital gold” due to its scarcity and security.

The notes also highlight that the US government currently holds a significant amount of BTC, but it has not implemented a policy to maximize its strategic position as a unique store of value in the global financial system.

The US must harness, not limit, the power of digital assets for the nation’s prosperity, the official notes state.

Implementing a US Digital Asset Stockpile can serve as a secure account for orderly and strategic management of the county’s other digital asset holdings.

Key Points of Trump’s Executive Order

The official notes also reveal the following key points:

• The Secretary of the Treasury will establish an office to administer and maintain control of custodian accounts capitalized with all BTC held by the Dept. of Treasury that was forfeited as part of criminal/civil asset forfeiture proceedings.
• Each agency will review its authorities to transfer any Government-held BTC to its SBR and will submit a report regarding the review’s result to the Secretary of the Treasury.
• The Government BTC deposited into the SBR will not be sold.
• BTC will be maintained as a reserve asset of the US and will be used to meet governmental objectives according to the applicable law.

The US Digital Assets Stockpile will follow the same rules, while the Secretary of the Treasury will determine strategies for responsible stewardship of the stockpile according to the law.

Also, the US Government will not acquire additional assets other than in connection with criminal or civil asset forfeiture proceedings without further executive or legislative action.

The official notes state that the “Government Digital Assets” translates into all Government BTC and all stockpile assets.

Within 30 days of the date of this order, the head of each agency will provide the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets with a full accounting of all the Government’s Digital Assets.

Meanwhile, the Strategic Bitcoin Reserve legislation advanced in Texas, according to official notes.

SBR Bill Passed the Senate Floor

Satoshi Act Fund’s founder Dennis Porter, announced that the SBR bill passed the Senate floor with 25-5 in Texas. This bill is a major priority for the state, pushing Texas to become a leader in Bitcoin.

Texas joins more states that are advancing the Strategic Bitcoin Reserve bill in the US and abroad as well.

These bullish announcements came ahead of today’s important Crypto Summit hosted by Trump later. Earlier, David Sacks highlighted that the upcoming event is not a conference, but a roundtable.