Dennis Porter, CEO and founder of Satoshi Act Fund, an American non-profit organization that advocates for bitcoin adoption, stated that former President Donald Trump's team is considering an executive order to establish a Strategic bitcoin Reserve (SBR). ) national. This measure is intended to position the federal government ahead of individual states that are considering similar legislation.
Trump considers executive order for bitcoin reserve
“I've heard that the Trump team is considering an Executive Order for a national 'Strategic bitcoin Reserve' to prevent any state from passing it into law first,” Porter <a target="_blank" href="https://x.com/Dennis_Porter_/status/1858610869799973200″ target=”_blank” rel=”noopener nofollow”>filtered on November 18 via x. “I can confirm that the offices of the United States Senate support this plan. Game about President Trump. “The race has begun.”
Porter, who has been deeply involved in legislative efforts related to btc adoption, added that his information comes from “private conversations with people familiar” with the matter and his direct involvement in promoting SBR language in the United States and internationally. .
Backing up his claim, Porter pointed to his previous prediction: “I was the first to announce that Donald Trump would create a 'bitcoin Strategic Reserve' on July 18, 2024. How did I know this before anyone else? “It's the same reason I know Trump's team is pushing to create a 'bitcoin Strategic Reserve' via executive order.”
In fact, ten days before Trump's speech at the bitcoin 2024 conference, where the former president announced plans to establish a national SBR using btc confiscated by law enforcement, Porter had tweeted on July 18: “Trump will announce a strategic reserve of “bitcoin in the US in Nashville.” .”
On November 19, Porter also <a target="_blank" href="https://x.com/Dennis_Porter_/status/1858689857096462780″ target=”_blank” rel=”noopener nofollow”>emphasized the urgency for Trump to get the SBR done as quickly as possible, stating: “Trump won't have much time to issue an executive order to create a 'Strategic bitcoin Reserve' before one of the states beats him to it and starts to buy bitcoin first. “We are likely to pass an SBR bill at the state level within days of Donald Trump taking office.”
Porter's credibility comes from his close ties to political circles and his track record advancing pro-btc legislation. He has been instrumental in securing laws protecting btc mining and self-custody rights in several US states. Notably, last week, Pennsylvania introduced an SBR bill allowing the State Treasurer to invest in btc, a move in which Porter played a key role.
Additionally, on Sunday, Porter announced that the Satoshi Law Fund had opened its model “bitcoin Strategic Reserve” policy. “Within hours of 'open source' our 'bitcoin Strategic Reserve' legislation, several lawmakers and a presidential candidate endorsed the policy and promised to sign it into law,” he revealed.
Adding weight to Porter's claims, David Bailey, CEO of btc Inc and a key advisor to Trump's team, also pointed to imminent federal action. On November 15, Bailey stated via x: “SBR is happening.”
Later that day, he <a target="_blank" href="https://x.com/DavidFBailey/status/1857387716272382174″ target=”_blank” rel=”noopener nofollow”>elaborated: “The verdict of the experts is that the President has the authority to create the SBR without Congress and execute a fairly large acquisition program (tens of billions of dollars). To grow we will need Congress, but we can start immediately on a scale similar to MicroStrategy.”
As Bitcoinist reported, there are growing rumors that other nation-states are moving quickly to establish their own btc reserves, potentially surpassing the United States. Bailey underscored this concern: “Let me be clear: the United States is at the forefront of its bitcoin strategy and must defend the SBR as quickly as possible. “It is literally a matter of national security.”
On November 9, Bailey hinted at the scale of international accumulation: “There is at least one nation state that has been actively acquiring bitcoin and is now one of the top five holders. Hopefully we will hear from them soon.” He reinforced his claim with a meme that emphasizes that his information is based on concrete knowledge and not speculation.
At the time of publication, btc was trading at $91,955.
Featured image created with DALL.E, chart from TradingView.com
