Trump Announces End of Operation Chokepoint 2.0 Bitcoin Reserve Surges 200000 BTC

On March 7, 2025, President Donald Trump hosted the first-ever crypto summit at the White House, focusing on the impact of “Operation Chokepoint 2.0” on the crypto industry. Trump announced a significant policy shift aimed at dismantling this initiative and fostering a more supportive environment for crypto businesses. He condemned the practice, asserting that it had wrongfully misused the banking system against the industry and promised regulatory clarity moving forward.

Coinciding with his pledge to end “Operation Chokepoint 2.0,” Trump unveiled a strategic Bitcoin reserve initiative. This reserve, funded by seized Bitcoins, is intended to position the U.S. as a major player in the crypto space. David Sacks, the President’s crypto czar, confirmed on social media that the U.S. government holds around 200,000 Bitcoins, currently valued at over $17 billion. He emphasized that once these Bitcoins are placed in the reserve, they will remain untouched, serving as a store of value similar to the U.S. gold reserves.

Looking ahead, Trump’s government plans to create a general crypto stockpile, which may include other digital assets such as Ethereum, XRP, and Solana. Moreover, he reiterated the need for clear stablecoin regulations, aiming for legislation before Congress’s summer recess. Trump noted that clear regulations will create continued growth and innovation in the financial sector, solidifying the U.S. leadership in the crypto market. However, his immediate focus at the summit was undeniably on reversing “Operation Chokepoint 2.0” and its chilling effect on crypto banking.

Trump's declaration to end the "war on crypto" comes as part of a broader effort to support the digital asset industry. He has criticized the current administration for its stance on cryptocurrencies, arguing that it has created an unfavorable environment for innovation. By vowing to end Operation Chokepoint 2.0, Trump aims to create a more conducive regulatory framework that encourages the growth of crypto businesses and the adoption of digital assets.

During the recent crypto summit, Trump unveiled several key initiatives aimed at bolstering the crypto industry. These include the establishment of a Bitcoin reserve and the introduction of stablecoin legislation. The summit also highlighted the importance of ending Operation Chokepoint 2.0, which has been a content