As Donald Trump prepares to take office on January 20, 2025, the cryptocurrency industry is intensifying its efforts to establish a U.S. strategic Bitcoin reserve. The crypto sector hopes Trump will fulfill his campaign promises and foster federal-level support for cryptocurrencies.

Trump and the Approval of a U.S. Bitcoin Reserve

Following Trump’s inauguration, crypto leaders are calling for pro-crypto regulations to facilitate the growth of the industry. Donald Trump has previously committed to becoming a "crypto president," raising expectations for his administration.

Key priorities include creating a federally backed U.S. Bitcoin reserve, granting crypto firms access to banking services, and establishing a dedicated cryptocurrency council. Insiders suggest that Trump might issue his first executive order on cryptocurrency within the first 100 days of his presidency.

However, it remains uncertain whether the creation of a Bitcoin reserve could be achieved via an executive order or would require Congressional approval.

Proposal by Bitcoin Policy Institute

The Bitcoin Policy Institute, a group advocating for the crypto industry, has submitted a proposal outlining how a strategic Bitcoin reserve could be established. The plan involves allocating $21 billion to build a national Bitcoin stockpile, with implementation overseen by the Treasury Department.

Zack Shapiro, head of policy at the institute, emphasized the need for urgent action. He argued that the U.S. risks falling behind countries like Bhutan, Hong Kong, Germany, and the Czech Republic, which are already advancing Bitcoin support. "The U.S. must act now to avoid a sharp price surge without holding any reserves," Shapiro added.

Biden Administration and Bitcoin Sales

Unlike Trump’s potential pro-Bitcoin stance, the current Biden administration has taken a different approach. Reports indicate that the U.S. government is selling $6.7 billion worth of Bitcoin confiscated in the Silk Road investigations, leading to negative market sentiment.

What Changes in Crypto Policies Can Be Expected?

Donald Trump has previously promised to end Operation Choke Point, which restricted crypto firms’ access to traditional banking services. An executive order directing bank regulators to adopt a more lenient approach toward cryptocurrencies could signal the administration’s stance and provide political cover for agency officials.

However, some experts warn that such an order may lack legal authority since federal banking regulators operate independently.

Brian Hughes, head of Trump’s transition team, stressed that the administration is actively working to address crypto industry issues. "Efforts to stifle innovation have been made in Washington’s bureaucratic swamp, but President Trump will deliver on his promise to encourage U.S. leadership in cryptocurrencies," Hughes stated.

Conclusion

The year 2025 could be pivotal for the future of cryptocurrencies in the U.S. If Trump’s administration supports the creation of a strategic Bitcoin reserve and implements pro-crypto regulations, it could mark a significant shift in the nation’s approach to this emerging technology.

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