PANews reports that U.S. President-elect Donald Trump is planning to establish a Strategic Bitcoin Reserve (SBR) through an executive order. The initiative would leverage the Treasury Department's Exchange Stabilization Fund (ESF)—traditionally reserved for addressing financial crises—to acquire Bitcoin. The ESF's assets exceed $200 billion as of October 2024, making this a monumental move in the global race for Bitcoin reserves.
U.S. States and Global Momentum
The federal initiative coincides with state-level efforts to promote Bitcoin reserves:
Pennsylvania and Texas are advancing legislation to establish Bitcoin reserves at the state level.
Globally, nations such as Brazil, Poland, and Japan are deliberating proposals to create national Bitcoin reserves, further intensifying the competition.
