LIVE: President Trump Speaks at White House Crypto Digital Assets Summit | Trump Bitcoin | N18G

WATCH LIVE: President Trump Speaks at White House Crypto Digital Assets Summit | Trump Bitcoin | CNBC TV18 WASHINGTON DC - U.S. President Trump delivers at The White House Digital Assets Summit. U.S. President Donald Trump delivers remarks at The White House Crypto Summit chaired by White House AI and Crypto Czar David Sacks, and administered by the Working Group's Executive Director Bo Hines. President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. The Treasury Department will set up an office to administer the reserve, which will be capitalized with Bitcoin (BTC) confiscated by the government as part of criminal or civil asset forfeiture proceedings, according to the order. “Bitcoin is the original cryptocurrency,” the order said. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.” The order also created a US Digital Asset Stockpile under the Treasury Department to manage other coins and assets. On Sunday, Trump posted on social media that he would direct the government to stockpile bitcoin, ethereum and three other tokens, which prompted backlash from the crypto industry. In addition, the executive order directed a full accounting of the government’s digital assets holdings. David Sacks, the White House czar for AI and cryptocurrency, wrote on X that the government has about 200,000 bitcoin. Each Bitcoin is currently worth about $87,000, according to Coinmarketcap, putting the total estimated value of the reserve at around $17.5 billion. #cyrptocurrency #bitcoin #trump #whitehouse #bitcoinnews #cnbctv18 #usmarket