Trump Signs Executive Order for ‘National Digital Asset Stockpile’

On January 23rd, President Trump signed an executive order establishing a working group to analyze digital asset markets. 

The group’s mandate includes bolstering U.S. leadership in the Bitcoin and cryptocurrency space and “evaluating the creation of a strategic national digital assets stockpile.”

While the executive order represents progress for the industry, it does not meet calls for a national strategic Bitcoin reserve. Shortly after the announcement, Bitcoin’s price briefly dipped to $102,220.

Earlier in the day, Bitcoin had rallied following a post by U.S. Senator and Bitcoin advocate Cynthia Lummis. 

On X, Lummis wrote, “Big things are coming,” and urged followers to “stay tuned.” 

Many assumed this hinted at a Bitcoin-focused executive order, pushing Bitcoin’s price from $102,100 to $106,850. 

However, the rally reversed once it was revealed that Lummis was referring to her appointment as chair of the Senate Banking Subcommittee on Digital Assets.

The market’s reaction to the executive order reflects a tempered outlook, as it does not directly establish a Bitcoin reserve. 

Instead, the order tasks the working group with evaluating a digital asset stockpile that could potentially include assets seized by the federal government. 

The directive states:

“(ii) The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”

Despite the muted market response, the move is seen by some as a step toward broader adoption of Bitcoin and other digital assets.

JAN3 CEO Samson Mow commented, “this EO is actually great. Sure, it doesn’t mention Bitcoin, but Bitcoin is inevitable.”