Trump Prepares Executive Order for U.S. Bitcoin Reserve After Meeting Crypto.com CEO

President-elect Donald Trump has met with Kris Marszalek, CEO of Crypto.com, to discuss a significant move aimed at fortifying the U.S.

financial system through the creation of a Strategic Bitcoin Reserve (SBR). This plan, which is designed to establish Bitcoin as a strategic reserve asset, could dramatically impact the U.S. economy.

What the Strategic Bitcoin Reserve Entails

Following the meeting, the Bitcoin Policy Institute released a draft of the executive order. According to the draft, the SBR would classify Bitcoin as a key asset within the U.S. Treasury’s Exchange Stabilization Fund, a step intended to bolster economic security. The initiative mandates that all government-owned Bitcoin, including assets obtained from forfeiture cases, be transferred into the SBR within seven days of acquisition.

The Treasury will also be required to implement a program within 60 days to acquire and manage Bitcoin holdings. The executive order reflects an effort to position the United States as a global leader in digital assets, enhancing both economic resilience and financial supremacy.

Strategic Support for Bitcoin and Digital Assets

The consultation with Marszalek comes after a similar conversation between Trump and Coinbase CEO Brian Armstrong in November. The involvement of leading crypto industry figures, including Howard Lutnick (designated commerce secretary) and Paul Atkins (to head the U.S. SEC), signals a strong pro-crypto stance for the incoming administration.

In related news, Bitcoin surged to a new all-time high of $108,268.45 on December 17, likely propelled by the announcement of the proposed reserve. Meanwhile, Ohio House Republicans, led by Derek Merrin, have also introduced a bill proposing a state-backed Bitcoin Reserve.