The Bitcoin Policy Institute has recently drafted an executive order that is being presented to President Trump for consideration. This order focuses on creating a strategic Bitcoin reserve for the United States.
The design of this executive order proposes to recognize Bitcoin (BTC) as a reserve asset within the Exchange Stabilization Fund (ESF). The aim of this is to position BTC as a permanent national asset, which benefits the stability of the US in the global economy.
The administrator of this strategic reserve would become the Secretary of the Treasury, with the aim of increasing the diversity of American reserve assets. This would not only make the US economically stronger, but also a pioneer in the digital asset industry by attracting capital, talent, and companies.
If this policy is implemented, the US Department of the Treasury could start a program to acquire and manage Bitcoin within the ESF. This step comes at a time when interest in Bitcoin and other cryptocurrencies is increasing significantly among both investors and large institutions.
As the market for digital assets continues to evolve, governments worldwide are looking for ways to integrate these new forms of money into their financial systems. The proposal from the Bitcoin Policy Institute fits perfectly into this growing trend by supporting a proactive approach to regulation and acceptance of crypto.