Odaily Planet Daily News Satoshi Action Fund founder Dennis Porter announced a draft executive order, which was drafted for elected President Trump, aimed at establishing a strategic Bitcoin reserve within the Exchange Stabilization Fund (ESF). The order allows for an initial allocation of up to 2% of the total ESF investment portfolio during an 18-month pilot period. Additionally, it will use the BTC held by the U.S. government as a reserve base. This draft outlines a roadmap for incorporating Bitcoin into the ESF, which is traditionally used to stabilize the dollar and respond to macroeconomic shocks, and also describes a framework for integrating Bitcoin as a foreign currency reserve asset, while ending the auctioning of confiscated Bitcoin held by U.S. authorities. One of its main provisions is that the U.S. Treasury will be authorized to acquire, hold, and manage Bitcoin as part of the ESF portfolio. Furthermore, Bitcoin will be treated similarly to assets like gold or foreign currency in foreign exchange reserves. The draft also suggests that the Treasury establish a working group to develop a custodial system to ensure the secure management of Bitcoin assets. This includes assessing solutions for providing direct access to reserves for the Treasury and utilizing existing custodial infrastructure, such as the system currently used by the U.S. Marshals Service (USMS).

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