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ZyCrypto 2025-01-25 21:04:14

Pro-XRP Lawyer Highlights Pathway to Strategic Bitcoin Reserve In Trump’s Administration

Pro-XRP Lawyer Highlights Pathway to Strategic Bitcoin Reserve In Trump’s Administration

Pro-XRP lawyer John Deaton explained ways the United States crypto community could achieve a strategic reserve during Donald Trump’s second term in the White House. Talks about a Bitcoin strategic reserve gained steam after Trump restated his commitment to making the United States the world’s crypto and Artificial Intelligence (AI) capital. Recent leanings to the market have attracted positive sentiments in price and calm regulations from developers. John Deaton Wieghs Executive Orders As conversions concerning the fastest way to a Bitcoin strategic reserve grew in crypto spaces, analysts pointed to a change in perspectives. In a recent post on X, Deaton explained that an executive order can achieve a strategic Bitcoin reserve but has downsides. According to him, Trump can issue an executive order to halt all BTC sales, creating a stash of seized assets. These assets will be held in escrow for a certain period without sales. However, this arrangement will add no new BTC to the strategic reserve. Alternatively, Senator Cynthia Lummis’s approach, which involves the government buying 1 million BTC to be held for 20 years, will require actual legislation. “ I’ve been saying for some time: What’s your definition of a SBR? President Trump, via EO, can order that all seized BTC (or any other seized digital asset for that matter) be held in escrow and not sold. If you call that a SBR, then I’m confident we get one. If by SBR, you mean the USG buying BTC, it will take an act of Congress, like the @SenLummis Bill.” While Deaton suggested both being pathways to strategic Bitcoin reserves, crypto users say legislation that will see the government acquire more assets is the best option to secure bullish inflows. Strategic Bitcoin Reserve Excites Investors After the approval of spot Bitcoin ETFs , traditional firms increased their exposure to the market, ramping up accumulations. This growth led to mainstream Bitcoin adoption including further efforts for the United States government to adopt the assets. Last year, Senator Lummis introduced a strategic Bitcoin Reserve bill, and with a crypto-friendly government, holders watch in excitement. To Lummis, the government should sell its gold reserves and hold Bitcoin, which would be used to reduce the national debt. The U.S. government holding Bitcoin will lead to a bullish price for the asset compared to previous gains. Furthermore, other jurisdictions will experience a similar boost in confidence as the world’s largest economy becomes a major player.

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