This Tuesday, the draft of an executive order that proposes the creation of a strategic reserve of Bitcoin (BTC) in the United States was released. All that remains is for President-elect Donald Trump’s team to review this document and for the president to sign it for it to come into force.
The document, which was disseminated on social networks, indicates that bitcoin would be included within the Exchange Stabilization Fund. Furthermore, it recognizes BTC as a “decentralized and finite store of value asset, similar to digital gold, with unique attributes that can strengthen the resilience of the US dollar and support US economic interests.”
The document, whose creation was in the hands of the Bitcoin Policy Institute, designates bitcoin as a suitable asset “for strategic acquisition within the Exchange Stabilization Fund (ESF) of the Treasury Department and establishes a BTC Strategic Reserve as a permanent national asset for the benefit of all Americans.”
As seen in the writing, whose veracity was confirmed By Bitcoin Policy Institute chief policy officer Zack Shapiro, the BTC reserve would be created to “grow our economy and solidify long-term American financial dominance.” Also, for the US to become “the global leader in the digital asset industry, attracting capital, talent and strong companies to establish and expand in our great nation.”
According to the draft order, the bitcoin reserve “will be subject to regular audits, strict security standards, and comprehensive reporting measures, ensuring long-term accountability and security.”
The draft executive order mentions to more than 200,000 BTC that are in custody of different US entities and organizations and, if approved, would establish that within 7 days from the date of the order, “no bitcoin under the control of federal agencies, including the United States Marshals Service, will be sold , exchange, auction or otherwise tax.”
The outline of the executive order indicates that the Secretary of the Treasury He would be in charge of the strategic reserve of bitcoin. And that within 60 days after the order is signed, that official must implement a BTC acquisition program to acquire and manage currencies within the Strategic Reserve Fund.
This draft comes after Dennis Porter, a bitcoin policy specialist, said this week that an executive order was the “express way” to create a bitcoin reserve in the US, as reported by CriptoNoticias, taking into account the periods and process that are usually followed for the approval of bills from politicians in Congress.
With this draft, if it is finally assumed by Trump’s team and becomes a real document, it is clear that the new president will take advantage of the power that the presidency confers on him. to create the bitcoin reserve in one fell swoop, something promised by him before being elected, and an action longed for and expected by other countries and companies that also want to shelter themselves with BTC.
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