TechFlow reports, on March 7, according to the Financial Times, the executive order on cryptocurrency signed by the Trump administration significantly differs from its earlier social media promotions. Under the latest executive order, the U.S. will establish a "strategic Bitcoin reserve" and a "digital asset repository," but the funding source will be limited exclusively to tokens obtained through "criminal or civil asset forfeiture proceedings," rather than market purchases.
The report指出 that Bitcoin "will be held as a reserve asset," meaning it will be permanently retained, while other tokens—including Ethereum and potentially XRP, SOL, and ADA—can be sold but not purchased. This stands in stark contrast to Trump's earlier implication of a fully funded, Congress-approved buyer of last resort.
The Financial Times analysis suggests the plan would shift approximately 200,000 bitcoins from temporary seizure to permanent retention, while creating selling pressure on all other tokens such as Ethereum. Compared to last year's discussions about a "cryptocurrency sovereign wealth fund capable of paying down national debt," this move resembles more of a "bait-and-switch."
