Dennis Porter, CEO and founder of the Satoshi Act Fundāa US nonprofit advocating for Bitcoin adoptionāhas claimed that former President Donald Trumpās team is considering an executive order to establish a national Strategic Bitcoin Reserve (SBR). This move aims to position the federal government ahead of individual states that are considering similar legislation.
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āIāve heard that the Trump team is considering an Executive Order for a National āStrategic Bitcoin Reserveā in order to beat any state from passing it into law first,ā Porter leaked on November 18 via X. āI can confirm that US Senate offices are backing this plan up. Game on President Trump. The race is on.ā
Porter, who has been deeply involved in legislative efforts surrounding BTC adoption, added that his information comes from āprivate conversations with people familiarā with the matter and his direct involvement in promoting SBR language across the United States and internationally.
Supporting his claim, Porter pointed to his earlier prediction: āI was the first to announce that Donald Trump would create a āStrategic Bitcoin Reserveā on July 18th 2024. How did I know this before anyone else? Itās the same reason I know that Trumpās team is pushing to create a āStrategic Bitcoin Reserveā via Executive order.ā
Indeed, ten days prior to Trumpās speech at the Bitcoin 2024 conferenceāwhere the former president announced plans to establish a national SBR using BTC confiscated by law enforcementāPorter had tweeted on July 18: āTrump to announce a USA Bitcoin strategic reserve in Nashville.ā
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On November 19, Porter also emphasized the urgency of Trump making the SBR happen as quickly as possible, stating: āTrump will not have much time to issue an executive order to create a āStrategic Bitcoin Reserveā before one of the states beats him to it and begins buying Bitcoin first. Itās likely we pass an SBR bill at the state level within days of Donald Trump taking the Oval Office.ā
Porterās credibility stems from his close ties to political circles and his track record in advancing BTC-friendly legislation. He has been instrumental in securing laws that protect BTC mining and self-custody rights in several US states. Notably, last week, Pennsylvania introduced a SBR Bill allowing the State Treasurer to invest in BTCāa move in which Porter played a key role.
Furthermore, on Sunday, Porter announced that the Satoshi Act Fund had open-sourced its āStrategic Bitcoin Reserveā model policy. āWithin hours of āopen-sourcingā our āStrategic Bitcoin Reserveā legislation, multiple lawmakers and a presidential candidate endorsed the policy and vowed to pass it into law,ā he revealed.
Adding weight to Porterās assertions, David Bailey, CEO of BTC Inc and a key advisor to the Trump team, also signaled imminent federal action. On November 15, Bailey declared via X: āSBR is happening.ā
Later that day, he elaborated: āThe verdict from the experts is the President has the authority to establish the SBR without Congress and implement a fairly large acquisition program (tens of billions of $). To go bigger weāll need Congress, but we can start right away at a MicroStrategy-esque scale.ā
As Bitcoinist reported, there are growing rumors that other nation-states are acting swiftly to establish their own BTC reserves, potentially outpacing the United States. Bailey underscored this concern: āLet me be clear, the United States is being front-run on its Bitcoin strategy and must stand up the SBR as quickly as possible. Itās literally a national security issue.ā
On November 9, Bailey hinted at the scale of international accumulation: āThere is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully we hear from them soon.ā He reinforced his assertion with a meme emphasizing that his information is based on concrete knowledge rather than speculation.
At press time, BTC traded at $91,955.
