draft executive order proposes us bitcoin strategic reserve within exchange stabilization fund

The Satoshi Action Fund has proposed the creation of a Strategic Bitcoin Reserve within the U.S. Exchange Stabilization Fund (ESF). This reserve would be established by utilizing Bitcoin currently held in U.S. government custody.

Proposal for a Strategic Bitcoin Reserve

The proposal aims to end the auctioning of confiscated Bitcoin by U.S. authorities and instead manage these assets more effectively. The draft outlines a roadmap for integrating Bitcoin into the ESF and includes provisions for the U.S. Treasury to acquire, hold, and manage Bitcoin as part of the ESF portfolio.

The proposal also emphasizes the importance of secure custody systems and oversight mechanisms to ensure transparency and accountability. The draft acknowledges that the ESF may not be a permanent solution and calls for a comprehensive report to explore alternative frameworks for reserve management.

Positioning Bitcoin as a Global Asset

The proposal positions Bitcoin as a non-sovereign global asset that can help stabilize the U.S. dollar and enhance the country's leadership in financial innovation. If enacted, this proposal would represent a significant government-led embrace of Bitcoin with implications for the digital asset industry and global reserve practices.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings