Trump Considers Executive Order For The Bitcoin Reserve

“I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter leaked on November 18 via Twitter.

Former President Donald Trump’s team is reportedly considering an executive order to establish a national Strategic Bitcoin Reserve (SBR). This move aims to beat any state in passing legislation for a SBR, according to Dennis Porter, CEO and founder of the Satoshi Act Fund.

Porter, who has been closely involved in legislative efforts surrounding BTC adoption, shared this information on November 18 via X. He added that his sources are "private conversations with people familiar" with the matter and his direct involvement in promoting SBR language across the United States and internationally.

“I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter leaked. “I can confirm that US Senate offices are backing this plan up. Game on President Trump. The race is on.”

Porter's credibility in this matter is bolstered by his close ties to political circles and his track record in advancing BTC-friendly legislation. He has been instrumental in securing laws that protect BTC mining and self-custody rights in several US states.

For instance, last week, Pennsylvania introduced a SBR Bill that would allow the State Treasurer to invest in BTC, a move in which Porter played a key role. Furthermore, on Sunday, Porter announced that the Satoshi Act Fund had open-sourced its ‘Strategic Bitcoin Reserve’ model policy.

“Within hours of ‘open-sourcing’ our ‘Strategic Bitcoin Reserve’ legislation, multiple lawmakers and a presidential candidate endorsed the policy and vowed to pass it into law,” he revealed.

Adding weight to Porter's assertions, David Bailey, CEO of BTC Inc and a key advisor to the Trump team, also signaled imminent federal action. On November 15, Bailey declared via X: “SBR is happening.”

Later that day, he elaborated: “The verdict from the experts is the President has the authority to establish the SBR without Congress and implement a fairly large acquisition program (tens of billions of $). To go bigger we’ll need Congress, but we can start right away at a MicroStrategy-esque scale.”

As Bitcoinist reported, there are growing rumors that other nation-states are acting swiftly to establish their own BTC reserves, potentially outpacing the United States. Bailey underscored this concern: “Let me be clear, the United States is being front-run on its Bitcoin strategy and must stand up the SBR as quickly as possible. It’s literally a national security issue.”

On November 9, Bailey hinted at the scale of international accumulation: “There is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully we hear from them soon.” He reinforced his assertion with a meme, highlighting that his information is based on concrete knowledge rather than speculation.

At press time, BTC trades at $91,955, according to Binance.