According to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered, proposed that the U.S. government can purchase Bitcoin in several budget-neutral ways when implementing President Trump’s latest executive order. Kendrick elaborated on these strategies, noting that they will avoid "extra costs to U.S. taxpayers" which Trump had banned when he established a strategic Bitcoin reserve on Thursday. Kendrick wrote in a research note last Friday that the Trump administration could "sell gold" and use what the U.S. Treasury Department calls the exchange rate stability fund (ERF), or include budget neutral plans in the 2024 Bitcoin Act proposed by Senator Cynthia Lummis. According to the World Gold Council data, the U.S. government currently holds 8133.46 tons of gold reserves. At current prices, the gold batch is worth approximately US$758 billion.