Trumps executive order establishes two types of digital asset holding mechanisms

CoinRank News: Journalist Eleanor Terrett wrote on X that Trumps executive order established two different digital asset storage mechanisms: 1. Strategic Reserve stores only Bitcoin (BTC) - regarded as the best value storage digital asset Initial funding source: about 200,000 Bitcoins obtained by the government through criminal and civil forfeiture over the years Unique authorization: Treasury Secretary Bessent and Commerce Secretary Lutnick are allowed to explore ways to obtain more Bitcoin without increasing the burden on taxpayers Positioned as a national digital value reserve 2. Digital Asset Stockpile contains other digital assets besides Bitcoin - may include XRP, ADA, ETH and SOL and other assets The Treasury Department is responsible for the responsible management of digital assets held by the government The government will only explore the use of budget-neutral methods to purchase more Bitcoin, and will not actively seek to increase the number of other digital assets in the reserve. The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure transparency in asset management.