Trump administration views bitcoin reserve as "digital Fort Knox", senior officials say

Quick Summary:

Senior officials of the administration of U.S.president Donald Trump said in a media briefing on Friday that they view bitcoin as deserving "special treatment" as the White House forges ahead with plans to create stockpiles of digital assets.

The order also created a separate digital assets stockpile, to be governed under different rules.

Fort Knox is the United States Bullion Depository, traditional home of a large part of the country's gold reserves, which takes its name from the nearby U.S.Army installation.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Senior Order Trump House Strategic Digital Friday Bitcoin Officials White Administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-08 @ 00:53:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26726201

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 9 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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