Strike CEO: Trump may establish a U.S. strategic Bitcoin reserve through an executive order on his first day in office

2024-12-16 10:31:23

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ChainCatcher news, according to Bitcoin.com, payment company Strike CEO Jack Mallers stated on the Timcast show that Trump may establish a U.S. strategic Bitcoin reserve through an executive order on his first day in office. Mallers mentioned that based on the broad powers granted to the president by the "Dollar Stability Act" to protect the dollar, the Trump team is considering establishing a reserve that is "significant but not reaching 1 million Bitcoins."

Previously, U.S. Senator Cynthia Lummis proposed the "2024 Bitcoin Act," which suggests that the Federal Reserve and the Treasury purchase 200,000 Bitcoins annually over five years, accumulating a total of 1 million Bitcoins, which would account for about 5% of the global Bitcoin supply. Trump himself indicated to CNBC last week while ringing the bell at the New York Stock Exchange that "we will do some great things in the cryptocurrency space," and he is positive about establishing a Bitcoin reserve plan similar to the strategic petroleum reserve.

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