According to ChainCatcher and reported by Bitcoin.com, payment company Strike CEO Jack Mallers stated on the Timcast show that Trump may establish a U.S. strategic bitcoin reserve through an executive order on his first day in office. Mallers noted that based on the (Stable Dollar Act) which grants the president broad powers to protect the dollar, the Trump team is considering creating a reserve that is 'significant but not up to 1 million bitcoins' through executive order.
Previously, U.S. Senator Cynthia Lummis proposed the (2024 Bitcoin Bill) suggesting that the Federal Reserve and the Treasury purchase 200,000 bitcoins annually over five years, accumulating a total of 1 million bitcoins, which would represent about 5% of the global bitcoin supply. Trump himself stated to CNBC while ringing the bell at the NYSE last week, 'We will do great things in the cryptocurrency space,' and expressed a positive attitude towards establishing a bitcoin reserve program similar to the Strategic Petroleum Reserve.
