Odaily reported that in a crypto summit, President Trump stated that the federal government is now one of the largest holders of BTC, having acquired up to 200,000 BTC through civil and other legal actions as well as law enforcement activities. These existing holdings will form the basis of a new reserve. Unfortunately, a large portion of BTC was sold off during the Biden administration in recent years. From today onwards, the U.S. will follow a very clear principle of never selling its BTC. The Treasury and Commerce Departments will also explore new ways to accumulate additional BTC reserves, without requiring taxpayers to pay any costs. The government is currently compiling an inventory of crypto assets, which will be stored and properly managed in a new U.S. Digital Asset Repository. Trump also expressed strong support for lawmakers and Congress who are working on legislation to provide regulatory certainty for the dollar stablecoin and digital asset markets, as their efforts in this area are commendable. This represents a tremendous opportunity for economic growth and innovation in the financial sector.