? Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic Reserve
Author: Content Editor
Dennis Porter, founder of the Satoshi Action Fund, has presented a draft executive order to establish a Strategic Bitcoin Reserve within the Exchange Stabilization Fund (ESF) for President-elect Donald Trump. The order proposes allocating up to 2% of the ESF's portfolio value to Bitcoin over an 18-month pilot period. The draft outlines the integration of Bitcoin into the ESF, discontinuing the auction of confiscated Bitcoin held by US authorities, and establishing a working group for secure management of Bitcoin holdings. The proposal includes oversight mechanisms, such as regular audits and reports to ensure transparency. The draft also highlights that the creation of a Bitcoin reserve would not interfere with the Federal Reserve's independence. If enacted, this would be the largest government-led embrace of Bitcoin to date, with significant implications for the digital asset industry and global reserve practices.