Foreign media: Trump may plan to use the U.S. Treasury Department’s Exchange Stabilization Fund ESF to establish a strategic Bitcoin reserve
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2024-12-17 13:32 1,450
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Golden Finance reported that according to Satoshi Act Fund founder Dennis Porter, Trump is considering issuing an executive order to establish a Strategic Bitcoin Reserve (SBR) and plans to use the U.S. Treasury Department’s Exchange Stabilization Fund (Exchange Stabilization Fund) after he takes office. ) to build a strategic Bitcoin reserve. Dennis Porter said: “The U.S. Treasury Department has the authority to purchase currencies through the Exchange Stabilization Fund to stabilize the U.S. dollar, and Trump will use this fund to purchase Bitcoin.” It is reported that the fund is usually used to stabilize financial markets during crises. As of October this year Its total assets exceed US$200 billion.