Trump plans to use the US Treasury Department’s $200 billion Exchange Stabilization Fund to establish a Bitcoin reserve

PANews reported on December 17 that according to Cryptoslate, US President-elect Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order and plans to use the Treasury Department’s Exchange Stabilization Fund (ESF) to purchase Bitcoin. ESF is usually used to respond to financial crises, and its total assets will exceed US$200 billion as of October 2024. If implemented, the plan would put the United States in a leading position in the global race to reserve Bitcoin.

Meanwhile, several U.S. states have begun pushing for Bitcoin reserve legislation, including Pennsylvania and Texas. In addition, countries such as Brazil, Poland, and Japan are also discussing proposals to establish national Bitcoin reserves.