Will the Fed and Powell Prevent the U.S. from Creating a National Bitcoin Reserve?

The Fed cannot veto the decision to establish the BSR. If the Trump wants to quickly establish the BSR, the most direct way is to sign an executive order to instruct the U.S. Treasury to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin. If he want to establish and maintain the long-term stability of the BSR, it needs include Bitcoin in the Strategic Reserve Act or similar laws through congressional legislation. Both are led by the Treasury Department, not the Federal Reserve. Read more