Dennis Porter, founder of Satoshi Act Fund and the US president-elect Donald Trump, has said that Donald Trump may consider an Executive Order establishing a Strategic Bitcoin Reserve.
On Dec. 15, Porter shared on social media platform X (formerly Twitter) that Trump plans to use the Treasury’s Exchange Stabilization Fund (ESF) to implement this strategy after his inauguration.
Porter stated that:
“The Treasury, through the Exchange Stabilization Fund, has the authority to stabilize the dollar by buying currencies. Trump will use this fund to buy Bitcoin.”
In October 2024 the ESF had assets worth more than $200 Billion. The ESF is usually used for stabilizing markets during times of crises. The fund played an important role in the past during major events such as the financial meltdown of 2008 and the COVID-19 Pandemic.
Porter highlighted the importance and urgency to take action before the other countries do. Porter said that if Trump rejects the executive order his organization will push state legislation in support of the SBR agenda.
“He added”
“If he doesn’t, we will be ready to apply pressure at the state level by creating a wave of ‘Strategic Bitcoin Reserves.’”
SBR Race:
A Strategic Bitcoin Reserve concept has been gaining significant momentum around the world. The initiative has gained a lot of support in the U.S. since the mid-2024.
Some lawmakers, like Senator Cynthia Lummis, of Wyoming have suggested that the US acquire substantial Bitcoin holdings as national reserves. Lummis’s Bitcoin Act suggests the US could accumulate 200,000 BTC annually over five years.
Many US states have taken the first steps towards establishing Bitcoin Reserves. Pennsylvania and Texas lead the way, while at least ten states have similar bills in draft form.
The global interest in Bitcoin is on the rise. Brazil has recently proposed legislation that would allocate 5% to Bitcoin of its reserves. Poland’s presidential candidate, Slawomir Mentzen, has vowed to create a Bitcoin reserve if elected. Japanese lawmakers have called on the government to take similar measures.
Market observers said these developments signal a growing acknowledgment of Bitcoin’s role in shaping future financial systems. However, some are also concerned about the potential centralization of Bitcoin’s supply into corporate reserves.
Post In: Bitcoin US, Adoption Crypto, Featured. Investments Author 
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