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Trump Plans Day-One Executive Order from Bitcoin Policy Institute to Designate Bitcoin as U.S. Strategic Reserve Asset with 40% Chance

Dec 17, 2024, 07:31 PM

President-elect Donald Trump is considering an executive order on his first day in office to designate Bitcoin as a strategic reserve asset for the United States. The Bitcoin Policy Institute has drafted a proposal for this order, which would leverage the existing Exchange Stabilization Fund framework. Key figures, including Jack Mallers, CEO of Strike, have indicated that this move could stabilize the dollar and significantly impact the U.S. economy. The proposal has garnered attention, with prediction markets estimating a 40% chance that Trump will implement the Bitcoin reserve within his first 100 days. The draft executive order is currently awaiting Trump's signature, signaling a potential shift in U.S. monetary policy towards cryptocurrency.