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Without presidential authorization, the Secretary of the Treasury will not be able to sell funds from the reserve.
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The reserve will be audited regularly, with high security standards and constant reports.
Yesterday, a draft of a decree detailing the creation of a strategic Bitcoin (BTC) reserve in the United States was leaked. The document, pending approval by Trump and his team, was spread on social networks.
The document, prepared by the Bitcoin Policy Institute, establishes the bases for the new president of the United States to fulfill one of his main campaign promises. It highlights not only the importance of the country adapting to the growing impact of cryptoassets on the global economy, but also the need to position it as a world leader in this sector.
Likewise, the work indicates that the characteristics of bitcoinsuch as its decentralized nature and limited supply, could strengthen the US dollar. Furthermore, it is proposed to designate the leading Cryptocurrency as a strategic asset suitable for acquisition through the Treasury Department’s Exchange Stabilization Fund (ESF).
By following this path, the United States would open the door for several small countries to do so as well. The issue has generated extensive debate since it began to take shape in July of this year, when Senator Cynthia Lummis announced it in a speech. After the leak of the draft of an executive order that details the parameters of the project, it is time to analyze its main keys.
1. Promote investment and job creation
Points 2 and 3 of Section 2, dedicated to Policy, are the following:
- (2) “Designate bitcoin as a strategic asset held by the United States Government, diversifying the assets held in the ESF to protect national economic security and competitive advantage in the 21st century.”
- (3) “To become the global leader in the digital asset industry, attracting capital, talent and quality companies to establish and grow in our great nation.”
By strategically integrating BTC into its reserves, the country would seek to encourage investment in cryptocurrencies, attracting both startups and large corporations that would benefit from an environment with clear and reasonable rules –very different from that of the Biden administration-. The arrival of technological and financial companies would generate new sources of qualified employment, which would have a positive impact on the national economy.
2. Strict control and long-term vision
Parameters a, b and c of Section 3 define:
- (a) “The Strategic Bitcoin Reserve (SBR) is established, to be managed by the Secretary of the Treasury… To ensure confidence in its mission, the reserve will be subject to regular audits, strict security standards, and long-term reporting.”
- (b) “Within 7 days from the date of this order, any bitcoin that is under the control of any federal agency, including the United States Marshals Service, may not be sold, exchanged, auctioned or used in any other way…”
- (c) “Bitcoin is designated as a strategic reserve asset suitable for purchase and maintenance within the ESF…”
The writing suggests the implementation of a serious and organized approach, with the aim of generating confidence in the adoption of bitcoin. Point b highlights the commitment of ensure that assets under federal control are not inappropriately managed or fall into the hands of unauthorized actorsrecognizing its long-term potential to strengthen the national economy.
3. Security plan in phases
Section 4 of the draft, specifically point b, sheds some light on this issue.
- (b) “In the first 30 days following this order, the Secretary of the Treasury will confirm that the U.S. Government’s current relationships with reputable and secure escrow service providers are adequate to ensure reliable storage solutions… »
Likewise, the letter clarifies that the Secretary will also order that all BTC purchases be transferred safely to custody providers. Besides, commit to developing and implementing self-custody protocols to minimize dependence on third parties, reinforce long-term security and ensure complete control over bitcoin reserves.
4. Sales permitted only in exceptional circumstances
Section 5 is intended for the conditions under which reserve funds may be sold:
- (a) “It is the policy of the US government to hold all acquired bitcoin in the SBR for a period of no less than 25 years from the date of this order.”
- (b) “Sales or other ways of disposing of bitcoins in the SBR will only be permitted in exceptional circumstances, which exceed normal financial fluctuations or political uncertainties.”
- (c) “Before making any sale, the Secretary of the Treasury must present a detailed written justification, supported by solid evidence… This justification must be approved by the President of the United States.”
Without explicit authorization, the Secretary of the Treasury will have no authority to sell, tax, exchange, or dispose of funds from the bitcoin strategic reserve.. The restriction on allowing sales only in exceptional circumstances seeks to ensure that funds are not used indiscriminately or irresponsibly, thus protecting the integrity of the treasury.
5. Continuous monitoring and reporting
Section 6, dedicated to reporting and transparency, is made up of 2 points:
- (a) “The Secretary of the Treasury will conduct a public testing process to show how many bitcoin the ESF has… This information will be provided every three months to ensure that everything is clear, but without revealing sensitive security data.”
- (b) “The Secretary of the Treasury will provide details on the status and benefits of Bitcoin within the ESF. It will also include a summary of the purchasing strategy and how this contributes to the economic security of the country.
By implementing a public testing process and providing detailed reports on the status of funds in the ESF, The work suggests that citizens and companies will be able to continuously monitor the impact of the strategy on public finances. This could foster an environment of accountability, in which government decisions would be subject to evaluation and adjustment.
It remains to be seen whether Trump will follow through on his commitment, but if he does, it could well result in a significant increase in the value of the leading cryptocurrency. For now, the new president already attributes achievements such as the historic rise of bitcoin above USD 100 thousand. Delivering on promises is essential not only to building public trust, but also to demonstrating strong and consistent leadership in an uncertain economic environment.
Meanwhile, figures in the sector continue to give their opinion on the project. Matthew Sigel, head of digital asset research at VanEck, presented a hypothetical scenario regarding How this strategy could influence the US public debt. According to its calculations, the Treasury could acquire 1 million bitcoins between 2025 and 2030 at an average price of USD 250 thousand per unit. Although the national debt would grow at an annual rate of 5%, reaching USD 120 trillion in 2049, Sigel estimates that the value of this reserve, with bitcoin’s annual growth of 25%, would reach USD 50 trillion, which would represent 44 .4% of the projected debt.
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