Trump Establishes U.S. Bitcoin Reserve After Banning CBDCs
Crossroads with Joshua Philipp
The Epoch Times
4.9 • 594 Ratings
🗓️ 11 March 2025
⏱️ 66 minutes
🧾️ Download transcript
Summary
Cryptocurrencies could soon be part of the U.S. national strategic reserve. During a recent event, President Donald Trump announced his administration is exploring ways to do this through bitcoin.
The move follows another Trump order where he banned central bank digital currencies (CBDCs), or government-backed digital currencies. Both actions could represent a break of the United States from a global trend of mass surveillance in digital payments.
Transcript
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| 0:00.0 | President Trump has signed an executive order creating a U.S. Strategic Bitcoin Reserve. |
| 0:05.9 | The U.S. currently holds $17 billion worth of Bitcoin, and it's this Bitcoin that the Trump |
| 0:12.1 | administration will use as the foundation of this new reserve. |
| 0:16.2 | This comes after Trump banned the establishment of CBDCs. |
| 0:25.6 | Those are central bank digital currencies that was done in the United States back in January. In other news, a group of Chinese hackers and spy officials were just indicted for a global spy operation. |
| 0:33.6 | And it turns out that among their operations were attacks against us right here at the Epic Times. |
| 0:39.7 | They were targeting us. |
| 0:41.5 | And meanwhile, the Trump administration is publicly rejecting one of the major campaigns from the United Nations, the 2030 Agenda, and its 17 Sustainable Development Goals. |
| 0:53.3 | I'm the Epic Times senior reporter Joshua Phillip, and you're listening to Crossroads. |
| 1:02.0 | Cryptocurrencies, they could soon be part of the U.S. National Strategic Reserve. |
| 1:08.0 | In fact, kind of already are. |
| 1:10.0 | During a recent event, President Donald |
| 1:12.7 | Trump announced his administration is exploring ways to do this through Bitcoin. And the move |
| 1:19.3 | follows another Trump order where he banned centralized banking digital currencies, CBDCs. The government |
| 1:26.9 | cannot legally get involved with them in the United |
| 1:29.3 | States as of now. Now, both actions could represent a break of the United States from another |
| 1:35.3 | global trend right now of mass surveillance in digital payments, becoming the global norm. |
| 1:41.3 | Now, like, first off on the announcement, though, this was made on Friday during the first White House Crypto Summit, |
| 1:49.0 | and Trump is saying that this Bitcoin Reserve, quote, |
| 1:51.0 | will be a virtual Fort Knox for digital gold |
| 1:55.0 | to be housed within the United States Treasury. |
| 1:58.0 | Yesterday, I signed an executive order officially creating our strategic |
... |
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