The Trump administration is reportedly reviewing a plan for the U.S. government to directly purchase Bitcoin and other cryptocurrencies in significant volumes, according to a post on X from crypto news outlet Watcher.Guru citing unnamed sources. The proposal, if enacted, would mark a major departure from the federal government’s current approach of acquiring digital assets primarily through law enforcement seizures.
No official confirmation has come from the White House or Treasury Department, and details remain sparse. The report claims President Donald Trump is personally evaluating the plan, but funding mechanisms and timing have not been disclosed.
The reported consideration follows an earlier executive order that established a strategic Bitcoin reserve using coins already held from criminal forfeitures. That reserve did not authorize open-market buying. The new plan would go further by making the U.S. government an active, large-scale buyer.
Market implications could be significant. A major sovereign buyer could boost demand and potentially reduce volatility, while also raising questions about market manipulation and government involvement in a decentralized asset class. Analysts are split, with some viewing the move as legitimizing crypto and others warning of unintended consequences.
As the situation evolves, further official statements will be crucial to clarify the administration’s intentions and feasibility.
