Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

S&P Expands Into Crypto With New Multi-Asset Crypto Index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic Reserve

December 17, 2024Updated:December 18, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic Reserve
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic ReserveJoin Japan's Web3 Evolution Today

Dennis Porter, founding father of the Satoshi Motion Fund, has unveiled a draft of an government order crafted for President-elect Donald Trump to determine a Strategic Bitcoin (BTC) Reserve inside the Alternate Stabilization Fund (ESF). 

The order permits for an preliminary allocation of as much as 2% of the ESF’s whole portfolio worth over an 18-month pilot interval. Moreover, it might use BTC within the US authorities custody as the muse for the Reserve.

The draft government order units out a roadmap for incorporating Bitcoin into the ESF, a fund historically used to stabilize the US greenback and reply to macroeconomic shocks. It additionally outlines a framework for integrating Bitcoin as a foreign-currency-like reserve asset whereas ending the public sale of confiscated Bitcoin held by US authorities.

Draft strategies

Amongst its major provisions is the US Treasury could be licensed to accumulate, maintain, and handle Bitcoin as a part of the ESF portfolio. Moreover, Bitcoin could be handled equally to overseas reserves like gold or foreign currency.

Furthermore, the draft means that the Treasury set up a working group to develop custody techniques to make sure the safe administration of Bitcoin holdings. This contains evaluating options that present the Treasury with direct entry to reserves and leveraging present custody infrastructure, akin to techniques at present employed by the US Marshals Service (USMS).  

The proposal would discontinue the public sale of forfeited Bitcoin by the USMS. As a substitute, roughly 200,000 BTC at present in US custody — valued at $20.6 billion at $103,000 per Bitcoin — would function the preliminary basis of the Strategic Bitcoin Reserve. 

The draft additionally contains sturdy oversight mechanisms to steadiness innovation with accountability. The Treasury would difficulty semiannual studies detailing Bitcoin transactions, holdings, and danger administration methods to Congress and the President. 

Moreover, the Treasury Inspector Common and the Authorities Accountability Workplace (GAO) would conduct common audits, with annual public summaries to make sure transparency.  

Jumpstarting laws

Whereas the ESF gives an preliminary car for Bitcoin reserves, the draft acknowledges that it is probably not a everlasting resolution. 

Inside 24 months, the Treasury could be required to ship a complete report back to Congress outlining the constraints and advantages of utilizing the ESF as a Bitcoin custodian, various frameworks for reserve administration, and legislative suggestions to enshrine the Strategic Bitcoin Reserve into US federal legislation.  

The proposal emphasizes that making a Bitcoin reserve wouldn’t intrude with the Federal Reserve’s independence in setting financial coverage. This provision addresses issues that Bitcoin integration may complicate conventional financial frameworks or undermine confidence within the US greenback.  

Quite the opposite, by leveraging Bitcoin’s place as a non-sovereign international asset, the proposal goals to hedge in opposition to macroeconomic dangers, stabilize the greenback, and place the US as a frontrunner in monetary innovation.  

If the draft is enacted, it might mark the biggest government-led embrace of Bitcoin to this point, with profound implications for the digital asset trade, US financial coverage, and international reserve practices.

Talked about on this article
Posted In: Bitcoin, US, Crypto



Source link

ad
action Bitcoin draft establish executive Fund Order Potential reserve Reveals Satoshi strategic
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

S&P Expands Into Crypto With New Multi-Asset Crypto Index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
S&P Global expands its reach with hybrid crypto-ecosystem index
October 7, 2025
S&P Expands Into Crypto With New Multi-Asset Crypto Index
October 7, 2025
Is Bitcoin now a $57B volatility trade
October 7, 2025
Bitcoin Open Interest in Focus as Bulls Battle for $124,000
October 7, 2025
SBR And Bitcoin Act Are Closer Than You Think
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.