On December 17, COINOTAG reported on a significant development in the cryptocurrency landscape, highlighting that Dennis Porter, the founder of the Satoshi Act Fund, disclosed plans by US President-elect Trump to initiate a Strategic Bitcoin Reserve (SBR) via an executive order. The proposal entails reallocating approximately $200 billion from the US Treasury’s Exchange Stabilization Fund (ESF) to facilitate the adoption of Bitcoin on a national level.
This move echoes a broader trend, as numerous nations are increasingly recognizing the value of Bitcoin reserves. For instance, Brazil has proposed allocating 5% of its international reserves to Bitcoin, while Polish presidential hopeful Slawomir Mentzen has vowed to establish Bitcoin reserves if elected. Additionally, Japanese lawmakers are urging their government to evaluate similar strategies.
In the United States, states like Pennsylvania and Texas are spearheading legislative efforts, with at least 10 additional states actively drafting bills to support Bitcoin integration. This emerging framework indicates a growing acknowledgment of cryptocurrency’s potential role in national financial strategies.