📣 Breaking news! The U.S. Bitcoin Strategic Reserve Executive Order is here! 📣
FX168 Financial News (Asia-Pacific) News
Just yesterday, the Bitcoin Policy Institute drafted an executive order proposing that President-elect Trump declare Bitcoin a permanent national asset after he is sworn in on January 20, 2025.
The Bitcoin Policy Institute drafted the executive order on Tuesday (December 17).
The purpose of this order is to establish a strategic reserve of Bitcoin under the U.S. Treasury Department’s Exchange Stabilization Fund (ESF) to solidify the United States’ future financial dominance.
The Bitcoin Policy Institute, a non-partisan, non-profit organization, believes this step will not only benefit all Americans, but also maintain the stability of the United States in the global economy.
This reserve program is administered by the Secretary of the Treasury and is designed to enhance the diversity of reserve assets in the United States by attracting capital, talent, and businesses to make the United States a global leader in the digital asset industry.
According to this draft, the main contents of the executive order include:
Establishing the Strategic Bitcoin Reserve (SBR): Designed to enhance the diversity of U.S. reserve assets and conduct regular audits and reporting to ensure long-term accountability and security.
Consolidate government Bitcoin holdings: Federal agencies are prohibited from selling, exchanging, or auctioning Bitcoin, and all Bitcoin holdings will be transferred to the SBR.
Designated reserve assets: Designate Bitcoin as a strategic reserve asset suitable for purchase and holding within the Exchange Stabilization Fund, and implement a Bitcoin acquisition plan.
The order also includes strict custody and security protocols to ensure the safety of Bitcoin within the SBR. At the same time, the government will also establish strict approval procedures and transparent execution plans to ensure that Bitcoin sales are carried out in rare circumstances.
This proposal comes at a time when Bitcoin and other cryptocurrencies are gaining popularity among U.S. investors and institutions, and will undoubtedly have a profound impact on the market in the future.
