Draft of Trump's executive order to create the national bitcoin reserve leaked
This Tuesday, a draft of an executive order proposing the creation of a strategic bitcoin (BTC) reserve in the United States was revealed. It only remains for the team of elected President Donald Trump to review this document and for the president to sign it for it to take effect.
The document, which was disseminated on social media, indicates that bitcoin would be included within the Currency Stabilization Fund. Additionally, 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 U.S. dollar and support U.S. 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 Currency Stabilization Fund (ESF) of the Department of the Treasury and establishes a Strategic BTC Reserve as a permanent national asset for the benefit of all Americans."
As noted in the writing, whose authenticity was confirmed by the head of policies at the Bitcoin Policy Institute, Zack Shapiro, the BTC reserve would be created to "grow our economy and consolidate U.S. financial dominance in the long term." Also, for the U.S. 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 of the order, the bitcoin reserve "will be subject to periodic audits, strict security standards, and comprehensive reporting measures, ensuring accountability and long-term security."
