Contrary to recent rumors, there is currently no official U.S. bitcoin reserve established under President Donald Trump’s administration, nor does the federal government possess any formal system for large-scale cryptocurrency acquisitions.
This is an important point to remember amidst weekend speculation fueled largely by CNBC commentator Jim Cramer about a potential price threshold that might trigger White House intervention in the bitcoin market. In reality, no such mechanism or “buy button” exists within the government framework.
Although President Trump did issue an executive order calling for the creation of a “strategic reserve” to hold bitcoin, this directive has yet to translate into actual implementation. The Treasury Department and its crypto advisors have spent considerable time reviewing existing federal cryptocurrency holdings; however, as White House crypto advisor Patrick Witt recently told CoinDesk, they remain unwilling to disclose specific figures publicly. Progress stalled because congressional approval is still required to legally establish this reserve fund.
The newly enacted U.S. legislation regulating stablecoin issuers does not address this matter, nor does the comprehensive crypto market structure bill currently being debated in the Senate. Passing any legislation during this Congress remains challenging—even less contentious bills face significant hurdles—and industry advocates are prioritizing regulatory frameworks and oversight rules for digital assets over establishing a federal crypto stockpile. Additionally, reforming tax policies related to cryptocurrencies demands urgent attention from lawmakers.
Cramer’s on-air suggestion that Trump intends “to fill the bitcoin reserve at $60K” briefly caught market attention given bitcoin’s recent volatility—dropping as low as $62,840 before hovering near $70,000 on some days—but these claims lack backing from official sources managing public funds.
At present, Trump’s 2022 executive order directing both a bitcoin reserve and separate reserves of other cryptocurrencies remains unfulfilled. Notably absent was authorization for purchasing cryptocurrencies using taxpayer dollars—a move that disappointed many industry participants at that time—instead instructing officials not to sell seized digital assets obtained through civil or criminal proceedings so they can be reserved for future use.
The White House has yet to comment on these speculative reports over the weekend. According to Arkham Intelligence data tracking wallets linked with U.S entities, current government-held bitcoins may total approximately $23 billion in value.
Various proposals have been suggested by Trump’s advisors and legislators like Senator Cynthia Lummis regarding how federal authorities might acquire bitcoins without burdening taxpayers directly; however none have been formally adopted so far. Moreover,Lummis’ efforts toward passing legislation enabling such reserves appear stalled as she prepares for retirement after her current Senate term ends later this year.
During Congressional hearings last week,Treasury Secretary Scott Bessent was questioned about whether Washington possesses authority or plans to intervene financially in support of bitcoin markets.He clarified he lacks power either authorizing bailouts or compelling banks within Americato purchase cryptocurrencies en masse.
If governmental purchases do materialize anytime soon,the momentum seems more likely at state levels rather than federally.Many states advanced initiatives last year aimed at creating their ownbitcoin reservesand demonstrated greater agility setting aside budget allocations dedicated specifically toward digital asset investments compared with sluggish federal progress thus far.