Trump Crypto Council to Create Strategic Bitcoin Reserve

The Trump transition team is apparently planning to create a national Strategic Bitcoin Reserve. Reuters reported the creation of a crypto advisory board to reform US digital asset regulation.

Ripple, Kraken, Circle, Paradigm, and Andreessen Horowitz's crypto subsidiary a16z are running for council seats. The council may be based in the White House's National Economic Council or another administrative branch.

A Strategic Bitcoin Reserve Could Happen
“It’s being fleshed out, but I anticipate the leading executives from America’s Bitcoin and crypto firms to be represented,” said Bitcoin Magazine CEO David Bailey, a key adviser who arranged for Trump to speak at a July Bitcoin conference in Nashville. “People love giving advice and input.”

Trump's advisers and business executives are pushing for a Strategic Bitcoin Reserve. Dennis Porter, CEO and creator of the Satoshi Act Fund, a US NGO promoting Bitcoin acceptance, said the team is exploring an executive order to create the SBR.

David Bailey said on X on November 15 that “SBR is happening.” The analysts say the President may form the SBR without Congress and undertake a reasonably big purchase program (tens of billions of dollars). We'll need Congress to grow, but we can start at MicroStrategy-like size now.”

Despite industry insiders' enthusiasm, market distrust lingers. Polymarket, a decentralized prediction market platform, now predicts 42% that Trump will create a Strategic Bitcoin Reserve, up from 24% five days earlier. This shows increased optimism but also reservations regarding the reserve's realization.

Bitcoin has reached new highs and is approaching $100,000 due to market excitement about the Trump administration. The SBR might boost market growth and investor confidence.

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