President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. The 2025 executive order already directs Treasury and Commerce to develop budget-neutral Bitcoin acquisition strategies. For other cryptocurrencies like Ethereum, XRP and Solana, the same order restricts acquisitions to forfeitures and civil money penalties unless further executive or legislative action occurs. No funded program currently exists for multibillion-dollar open-market purchases, as Congress controls spending authority and statutory investment powers. A recurring crypto-buying program would require explicit congressional authorization along with a dedicated funding mechanism.
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