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The cryptocurrency industry is having a "breathing easy" day during US President Donald Trump's second term. Photo: Investopedia

On social network X, White House AI and cryptocurrency advisor David Sacks said the reserve will only include the amount of Bitcoin seized in criminal and civil cases, ensuring that people do not bear the tax burden.

According to Mr. Sacks, the US government controls about 200,000 Bitcoins, although no comprehensive audit has been conducted. President Trump's executive order requires a full accounting of federal digital assets and prohibits the sale of Bitcoins from the reserve.

He said previous Bitcoin sales had cost U.S. taxpayers more than $17 billion and the federal government would now develop a strategy to maximize the value of its holdings. The secretaries of finance and commerce were tasked with developing a strategy to buy more Bitcoin.

Additionally, the executive order establishes a Treasury-managed Digital Asset Reserve to hold cryptocurrencies other than Bitcoin.

According to the White House AI adviser, the executive order underscores President Trump’s commitment to making the US the “cryptocurrency capital of the world.”

CNN commented that the cryptocurrency industry is having comfortable days when Mr. Trump is president, in contrast to the tough stance from his predecessor.

On March 7 (local time), the White House will hold its first cryptocurrency conference.

(According to CNN, CNBC)