CandleFocus
Bitcoin Reserve Executive Order out after Trump meets crypto.com CEO Marszalek
2024-12-18
Author: Content Editor
President-elect Trump met with Kris Marszalek, the CEO of Crypto.com, to discuss the creation of a Strategic Bitcoin Reserve in the U.S. Marszalek presented a draft executive order that outlines the establishment of the reserve within the Treasury’s Exchange Stabilization Fund. The order aims to increase U.S. economic security, diversify reserve assets, and solidify the country's leadership in digital assets. The Treasury Secretary will be responsible for managing and acquiring BTC holdings, including those obtained through forfeiture cases. The meeting with Marszalek follows Trump's phone call with Coinbase CEO Brian Armstrong and the appointment of pro-crypto individuals to key positions in his administration. The news of the potential Bitcoin reserve led to a surge in BTC price, reaching an all-time high of $108,268.45. Additionally, a bill proposing a state-backed Bitcoin Reserve has been introduced in Ohio.
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