BlockBeats news, on December 16, according to Bitcoin.com, Strike CEO Jack Mallers revealed on the Timcast show that Trump plans to establish a strategic Bitcoin reserve for the United States through an executive order on his first day in office. Mallers stated that based on the (Stable Dollar Act) granting the president extensive powers to protect the dollar, the Trump team is considering establishing a reserve that is 'significant but not reaching 1 million Bitcoins.'
Previously, U.S. Senator Cynthia Lummis proposed the (2024 Bitcoin Bill) suggesting that the Federal Reserve and the Treasury purchase 200,000 Bitcoins annually over five years, accumulating a total of 1 million Bitcoins, which would account for approximately 5% of the global Bitcoin supply. Trump himself indicated to CNBC last week while ringing the bell at the New York Stock Exchange, 'We will do great things in the cryptocurrency space' and expressed a positive attitude toward establishing a Bitcoin reserve plan similar to the strategic petroleum reserve.
