Bitcoin Policy Institute Develops Executive Order Draft For Trump’s Strategic Reserve

A newly uncovered public document reveals that the Bitcoin Policy Institute, a research and advocacy group in the United States, has drafted an executive order that aims to designate Bitcoin as a strategic reserve asset. This proposed order is designed to take effect immediately upon being signed by President-elect Donald Trump on his first day in office.

New Draft Calls for Bitcoin Acquisition Through Treasury’s ESF

According to the draft, as global finance increasingly integrates digital assets, the United States must adapt its financial strategies to maintain its stability and leadership in the global economy. 

The document characterizes Bitcoin as a decentralized, finite store-of-value asset, comparable to digital gold, which could enhance the resilience of the US dollar and support American economic interests. 

If enacted, the executive order would designate Bitcoin as a suitable asset for acquisition within the Treasury Department’s Exchange Stabilization Fund (ESF), establishing a Strategic Bitcoin Reserve as a permanent national asset for the benefit of all Americans.

The draft emphasizes the importance of creating a Bitcoin reserve to bolster the US economy and secure American financial dominance in the years to come. 

By designating Bitcoin as a strategic asset held by the government, the proposal aims to diversify the assets within the ESF, thereby safeguarding national economic security and ensuring a competitive advantage in the 21st century. 

Furthermore, it seeks to position the US as a global leader in the digital assets industry, attracting capital, talent, and sound businesses to thrive within its borders.

To enhance confidence in this initiative, the draft outlines that the Strategic Bitcoin Reserve would be administered by the Secretary of the Treasury, with provisions for regular audits, security standards, and reporting measures. 

Within seven days of the order being signed, any BTC held by federal agencies, including the US Marshals Service, would be prohibited from being sold or encumbered. Instead, it would be transferred to the strategic reserve upon acquisition of legal title.

Additionally, the draft instructs the Secretary of the Treasury to implement an acquisition program for Bitcoin within 60 days of the order’s signing. This would facilitate the management and procurement of Bitcoin under the ESF.

Trump’s Potential Day-One Executive Order 

While this document represents only a draft and neither Trump nor members of the upcoming administration have publicly commented on it, interest in such measures has been growing in recent days. 

Notably, Jack Mallers, founder and CEO of Strike, recently indicated that Trump is considering a day-one executive order to establish a Strategic Bitcoin Reserve. During an interview, Mallers stated, “I also know that Trump is looking at a day one executive order.” 

His remarks prompted discussions about the potential implications of such an order, particularly in the context of the Dollar Stabilization Act, which could grant the president broad authority to protect the dollar.

Trump’s recent statements have further fueled speculation surrounding the establishment of a Bitcoin reserve. In a speech at the New York Stock Exchange, he remarked, “We’re gonna do something great with crypto,” and when asked about the possibility of the U.S. creating a reserve akin to its oil reserves, he replied, “Yes, I think so.”

At the time of writing, BTC is consolidating at the $104,000 level, down 2.5% in the 24-hour time frame. 

Featured image from DALL-E, chart from TradingView.com