
The Bitcoin Policy Institute has proposed the creation of a Strategic Bitcoin Reserve under the United States Exchange Stabilization Fund (ESF), with the aim of boosting financial stability and enhancing the country’s economic resilience.
According to sources, this initiative seeks to position the U.S. as a leader in digital assets, thereby bolstering capital inflows and promoting technological advancements. The proposal aims to secure long-term economic stability by integrating Bitcoin into the ESF’s holdings.
The plan involves consolidating Bitcoin currently held under federal control and halting any further sales or transfers of these assets until they are moved into the strategic reserve. Legal ownership verification is expected to be completed within a week following the proposed executive order.
In addition to the establishment of this reserve, the proposal also outlines strict measures for its administration. This includes regular audits, enhanced security protocols, and detailed reporting to maintain transparency.
Notably, critics have raised concerns over the feasibility and long-term impact on the economy. Some argue that adopting a Bitcoin reserve could potentially reduce budget deficits and secure the dollar’s dominant position in global markets.
Source: cryptonewsland.com