President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.
Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin (BTC) strategic reserve.
According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council. The council may be nestled under the White House’s National Economic Council, but this is not certain, and the council may operate as a separate, standalone entity.
Speaking at the North American Blockchain Summit on Nov. 21, Bitcoin advocate and co-founder of the Satoshi Action Fund Dennis Porter explained the importance of establishing a Bitcoin strategic reserve in the United States: