Dennis Porter, CEO and founder of the Satoshi Act Fund – a US non-profit organization that advocates for Bitcoin adoption – has claimed that former President Donald Trump’s team is considering an executive order to establish a national Strategic Bitcoin Reserve (SBR) to establish. The move is intended to give the federal government an advantage over individual states considering similar legislation.
Trump is considering an executive order for the Bitcoin Reserve
“I’ve heard that the Trump team is considering an executive order for a national ‘strategic Bitcoin reserve’ to prevent any state from being the first to pass it into law,” says Porter. leaked on November 18 via X. “I can confirm that the US Senate offices support this plan. Game about President Trump. The race has begun.”
Porter, who has been deeply involved in legislative efforts surrounding BTC adoption, added that his information comes from “private conversations with people familiar” with the issue and his direct involvement in promoting SBR language in the United States. States and internationally.
To support his claim, Porter pointed to his previous prediction: “I was the first to announce that Donald Trump would create a ‘Strategic Bitcoin Reserve’ on July 18, 2024. How did I know this first? It’s the same reason I know Trump’s team is pushing to create a ‘Strategic Bitcoin Reserve’ via Executive Order.”
Ten days prior to Trump’s speech at the Bitcoin 2024 conference — where the former president announced plans to create a national SBR using BTC confiscated by law enforcement — Porter had tweeted on July 18: “Trump is going to be an American announce strategic Bitcoin reserve in Nashville. .”
Also Porter on November 19 emphasized Trump’s urgency to make the SBR happen as soon as possible, stating: “Trump won’t have much time to issue an executive order to create a ‘Strategic Bitcoin Reserve’ before any of the states ahead of him and starts buying Bitcoin first. It is likely that we will pass a state-level SBR law within days of Donald Trump takes the Oval Office.”
Porter’s credibility comes from his close ties to political circles and his track record in promoting BTC-friendly legislation. He has been instrumental in securing laws protecting BTC’s mining and self-custody rights in several US states. That was striking last week Pennsylvania introduced an SBR bill that allowed the state treasury to invest in BTC – a move in which Porter played a key role.
Additionally, Porter announced on Sunday that the Satoshi Act Fund had made its ‘Strategic Bitcoin Reserve’ model policy open source. “Within hours of open sourcing our ‘Strategic Bitcoin Reserve’ legislation, multiple lawmakers and a presidential candidate have endorsed the policy and pledged to enact it into law,” he revealed.
To reinforce Porter’s claims, David Bailey, CEO of BTC Inc and a chief advisor to the Trump teamalso indicated impending federal action. On November 15, Bailey stated via X: “SBR is happening.”
Later that day, he elaborated: “The opinion of the experts is that the president has the authority to establish the SBR without Congress and to implement a fairly large acquisition program (tens of billions of dollars). We need Congress to get bigger, but we can start right away on a MicroStrategy-like scale.”
As a Bitcoinist reportedThere are increasing rumors that other nation states are moving quickly to build their own BTC reserves, potentially surpassing the United States. Bailey underlined these concerns: “Let me be clear: the United States is leading the way with its Bitcoin strategy and must move on from the SBR as quickly as possible. It is literally a national security issue.”
On November 9, Bailey hinted at the extent of the international accumulation: “There is at least one nation-state that has actively acquired Bitcoin and is now a top 5 holder. Hopefully we’ll hear from them soon.” He reinforced his claim with a meme emphasizing that his information is based on concrete knowledge rather than speculation.
At the time of writing, BTC was trading at $91,955.
Featured image created with DALL.E, chart from TradingView.com