The purpose of this topic is to research and discuss the likelihood and trajectory of a US Strategic Crypto Reserve
Can Trump establish a crypto currency strategic reserve by his own? (GPT)
If Trump were to return to office, he could not unilaterally establish a cryptocurrency strategic reserve without congressional approval for major funding and policy changes. However, he could take executive actions that lay the groundwork for such a reserve. Here’s how it might play out:
What Trump Could Do Alone (Executive Actions)
1. Direct Federal Agencies – He could instruct agencies like the Treasury Department, Federal Reserve (though independent), or even the Department of Defense to explore a crypto reserve as a national security or economic strategy.
2. Acquire Crypto Through Federal Holdings – Agencies like the U.S. Marshals Service, which already hold seized Bitcoin from criminal cases, could be directed to retain and expand their holdings instead of auctioning them off.
3. Encourage Crypto Adoption in Government – He could push for more government use of crypto for transactions, payments, or reserves at certain agencies.
4. Lift Regulatory Barriers – Trump could reduce restrictions on government crypto use via executive orders or influence over regulatory bodies like the SEC and CFTC.
5. Use National Emergency Powers – Under emergency declarations, he could justify crypto accumulation for economic or national security reasons.
What Requires Congress
1. Official Reserve Status – Declaring crypto as part of the U.S. strategic reserves, like gold or the USD, would require congressional approval.
2. Large-Scale Crypto Purchases – Allocating federal funds to buy crypto in significant amounts would need budget approval from Congress.
3. Creating a Crypto-Backed Currency – If Trump wanted to issue a U.S. digital currency backed by Bitcoin or another crypto, it would require legislative action.
Could Trump Push for It?
• Trump has expressed mixed views on crypto but has recently warmed up to it, especially as a way to counter government control over money.
• If he sees it as a way to challenge the Federal Reserve or push a “pro-freedom” narrative, he might promote the idea.
• His ability to implement it depends on Congress and key agencies like the Treasury and the Fed, which may resist.
Bottom Line
Trump could start the process through executive actions, but a full-scale crypto strategic reserve would require congressional approval. If he returns to office, expect him to at least explore more crypto-friendly policies and potentially shift federal holdings toward Bitcoin and other cryptocurrencies.
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