On December 18, the Bitcoin Policy Institute announced that it had drafted an executive order to include Bitcoin as a strategic reserve asset for the USA. The approved measure could take effect immediately upon being signed by Donald Trump on his first day in office.
Bitcoin as a Strategic Asset
The order emphasizes the strategic importance of Bitcoin within the national reserve framework. Recognizing BTC as a strategic asset could enhance the country’s financial stability and security. Bitcoin is seen as a decentralized and finite asset that can bolster the resilience of the US dollar and support the nation’s economic interests.
Diversification of US Reserves
The executive order establishes a Strategic BTC Reserve (SBR) to enhance the diversity of US reserve assets. It mandates regular audits and stringent security standards for long-term reliability and security. Any Bitcoin under federal agency control, like the US Marshal Service, should not be sold or exchanged within seven days from the order date.
Current State of the Discussion
Some critics view the order as a benefit to the crypto industry, but Institute representatives, like Zack Shapiro, assert that it primarily benefits the USA. They say the initiative is not intended to support wealthy crypto figures but rather to expand and strengthen the nation's economic framework.
The initiative aims to strengthen US financial stability by integrating Bitcoin into state reserves. This could lay the foundation for reinforcing the US economic position in the digital assets world.
