Foreign media: Trump may plan to use US Treasury foreign exchange stabilization fund ESF to build strategic bitcoin reserves
According to Dennis Porter, founder of the Satoshi Act Fund, Trump is considering issuing an executive order to establish a strategic bitcoin reserve (SBR), and plans to use the US Treasury's Exchange Stabilization Fund to establish a strategic bitcoin reserve after his inauguration. "The US Treasury has the authority to buy currencies to stabilize the dollar through the Exchange Stabilization Fund, which Trump will use to buy bitcoin," said Dennis Porter. The fund is said to be typically used to stabilize financial marekts during crises, with total assets exceeding $200 billion as of October this year.