Insider Leaks Trump ‘Considers’ A Strategic Bitcoin Reserve By Executive Order

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As a seasoned analyst with extensive experience in the Bitcoin sphere and political circles, I find myself intrigued by Dennis Porter’s revelations about the potential establishment of a National Strategic Bitcoin Reserve (SBR) under President Trump’s administration. Given his close ties to key figures within these realms and his impressive track record in advancing BTC-friendly legislation, his assertions carry significant weight.

Dennis Porter, head and initiator of the Satoshi Act Fund – a U.S.-based nonprofit promoting Bitcoin usage – has stated that Donald Trump’s administration is pondering an executive order to set up a national Strategic Bitcoin Reserve (SBR). This action would put the federal government in front of states contemplating similar laws.

Trump Considers Executive Order For The Bitcoin Reserve

It’s been reported that the Trump administration might issue an Executive Order to establish a national “Strategic Bitcoin Reserve,” aiming to take the lead in case any state attempts to implement it first, according to a leak by Porter on November 18 via X. I can verify that Senate offices are supporting this initiative. The competition is heating up, President Trump! The race for this innovation has officially begun.

Porter, being actively engaged in the legislative initiatives related to Bitcoin acceptance, mentioned that he gets his insights from confidential discussions with individuals knowledgeable about the topic, as well as his direct work in propagating Specific Blockchain Regulation (SBR) language throughout the U.S. and globally.

As a researcher, I take pride in sharing my findings based on my predictions. For instance, on July 18th, 2024, I was the one who first announced Donald Trump’s intention to establish a ‘Strategic Bitcoin Reserve’. My foresight in this matter is grounded in the same insights that lead me to believe that his team is actively pursuing this goal through an Executive order.

Approximately ten days before Trump’s speech at the Bitcoin 2024 conference, where he unveiled plans for creating a national Strategic Bitcoin Reserve using Bitcoins seized by law enforcement, Porter had tweeted on July 18: “Trump to announce a U.S. Bitcoin strategic reserve in Nashville.

On November 19, Porter underscored the importance of Trump swiftly implementing the Strategic Bitcoin Reserve, saying: “Trump may not have long to issue an executive order to establish a ‘Strategic Bitcoin Reserve’ before one of the states does it first and starts purchasing Bitcoin. It seems probable that we will pass a bill for a State-level Strategic Bitcoin Reserve soon after Trump takes office.

Porter’s credibility stems from his close ties to political circles and his track record in advancing BTC-friendly legislation. He has been instrumental in securing laws that protect BTC mining and self-custody rights in several US states. Notably, last week, Pennsylvania introduced a SBR Bill allowing the State Treasurer to invest in BTC—a move in which Porter played a key role.

Additionally, on Sunday, Porter disclosed that the Satoshi Act Fund made public their ‘Strategic Bitcoin Reserve’ plan. He stated, “Shortly after making our ‘Strategic Bitcoin Reserve’ proposal available for all, several legislators and a presidential contender voiced their support and pledged to turn it into law.

Supporting Porter’s claims, David Bailey, CEO of BTC Inc and a strategic consultant to the Trump administration, hinted at upcoming federal intervention as well. On November 15th, Bailey explicitly stated through X: “The SBR event is impending.

Later that day, he clarified: “According to the experts’ opinion, the President possesses the power to instate the SBR without seeking approval from Congress and initiate a substantial procurement program worth billions of dollars. To expand further, we would require Congressional approval, but we can start immediately on a scale similar to that of MicroStrategy.

According to recent reports from Bitcoinist, there’s an increasing chatter that several nations are hastily building up their own Bitcoin reserves. This could potentially put the U.S. at a disadvantage if they don’t act promptly in setting up their Strategic Bitcoin Reserve (SBR). Bailey highlighted this as a significant matter of concern: “I want to emphasize, the United States is currently falling behind on its Bitcoin strategy. The establishment of the SBR should be prioritized urgently. This is not just an economic issue, but a matter of national security.

On the 9th of November, Bailey suggested the extent of global Bitcoin hoarding: “At least one country has been amassing Bitcoin and now ranks among the top 5 holders. I’m looking forward to hearing an official confirmation from them.” He reinforced his statement by sharing a meme that underscored his claims were backed by solid evidence, not mere speculation.

At press time, BTC traded at $91,955.

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2024-11-19 14:42