The Trump Administration maintains plans to create a bitcoin reserve

Key points:

• The Donald Trump administration has reaffirmed its commitment to developing the cryptocurrency sector and establishing a strategic Bitcoin reserve.
• Bitcoin included in the reserve will be sourced primarily from confiscated assets and will not be sold.

US Treasury Secretary Scott Bessent said the Trump administration continues to prioritize crypto development and aims to position the United States as a global hub for digital innovation. He made the comments at the World Economic Forum in Davos.

According to Bessent, the White House plans to introduce clear and favorable rules for the digital asset market. These measures are intended to support technological progress and encourage companies to relocate or expand in the US. He also confirmed that plans to form a strategic Bitcoin reserve remain unchanged.

Strategic Bitcoin reserve and the government’s position

Responding to questions from reporters, the Treasury Secretary recalled that Donald Trump had previously signed an executive order designating government-held Bitcoin as a strategic asset. The order calls for “budget-neutral” approaches to expanding the reserve without placing additional strain on the economy.

At the same time, Bessent declined to comment on approximately $6 million worth of Bitcoin confiscated from the developers of Samourai Wallet. Earlier reports suggested the assets could be sold by the US Marshals Service. However, White House crypto adviser Patrick Witt later clarified that the Bitcoin had not been liquidated and therefore did not violate the executive order.

Kazakhstan will form a crypto reserve from confiscated assets.

The authorities also plan to invest part of the national funds in cryptocurrencies.

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The executive order, signed in March 2025, clearly states that Bitcoin added to the strategic reserve will be sourced mainly from confiscated assets and cannot be sold. Administration officials emphasize that the first step was to halt Bitcoin sales, after which assets could begin accumulating in the reserve.

In addition, Bessent noted that work continues in Washington on comprehensive legislation to regulate the crypto industry. According to him, Trump wants digital assets and innovation to grow within the United States. Progress on the crypto market structure bill, however, slowed last week due to disagreements in the Senate, as well as after Coinbase withdrew its support for the initiative.