Big news! The landing time of the US "Bitcoin Strategic Reserve" is revealed!
Since Trump won the election in November, the crypto market, especially Bitcoin, has been full of expectations for the US "Bitcoin Strategic Reserve".
In July last year, a Senate proposed the "US Bitcoin Strategic Reserve Act", planning to purchase 1 million bitcoins within five years. During the campaign, Trump promised to become the "cryptocurrency president".
However, on December 19, Federal Reserve Chairman Powell expressed his intention not to participate, saying that this is the responsibility of Congress, but the Trump team may still continue to promote it.
The fastest landing time:
Presidential executive order (as early as the second half of 2025): Trump's direct issuance of an executive order after taking office is the fastest path, which can bypass some resistance and instruct the Treasury Department to allocate Bitcoin with the foreign exchange stabilization fund.
Congressional legislation (as early as the second half of 2026): It must first be studied and evaluated by the Cryptocurrency Committee, and the bill must be submitted to Congress, reviewed by the Senate Banking Committee, and then signed by the Senate and the House of Representatives and the President. The process is complicated and conservative lawmakers may obstruct it, so the landing time may be from the second half of 2026 to 2027.
Several important time nodes:
January 20, 2025, around Trump's inauguration: Trump can officially implement policies after taking office, and the inaugural speech and early executive orders have attracted much attention from the market, and the financial market will also pay close attention.
In the middle of 2025, the policy research stage will be completed: the Crypto Committee will complete the feasibility report and draft of Bitcoin reserves as early as the first half to the middle of 2025, after which Trump can sign an executive order to officially launch the "Bitcoin Strategic Reserve".
From the second half of 2025 to the beginning of 2026, the implementation details and potential congressional tug-of-war: after signing the executive order and determining the framework, the relevant departments will start to formulate implementation details and implement them, but opposing members of Congress may obstruct them.
In short, the implementation of the "Bitcoin Strategic Reserve" is not achieved overnight. Although there are uncertainties, it is still necessary to pay attention to key time nodes to cope with changes, and it also drives the research and exploration of Bitcoin reserves in various countries.