A draft document proposing the creation of a Strategic Bitcoin Reserve (SBR) within the Exchange Stabilization Fund (ESF) has been circulating on social media with positive reception from the crypto community. The document suggests that Bitcoin should be considered a strategic reserve asset that can strengthen the US dollar and enhance economic security. It recommends the establishment of a SBR to hold Bitcoin and outlines the need for the US to adapt to digital finance trends. The draft suggests that $21 billion in Bitcoin should be acquired within a year using funds from the ESF and held securely for at least two decades. Sales of Bitcoin would only occur in exceptional circumstances and with transparency. The Treasury Department would oversee the SBR and report on its performance and the benefits of Bitcoin. The draft has not been approved or signed, but many believe it provides a sufficient framework for integrating Bitcoin into America's national reserves.



Other News from Today