The post US Bitcoin Reserve in Q1 2025? Crypto Industry Lobbies Amid Selloff News appeared on BitcoinEthereumNews.com.

The crypto industry has already started lobbying behind President-elect Donald Trump to approve a US Bitcoin reserve as soon as he takes office on January 20. As per the previous reports, Trump is willing to issue several executive orders starting from the first day, and the crypto industry leaders are pursuing key crypto orders as well. US Bitcoin Reserve Approval Soon Under Donald Trump? On the heels of Donald Trump’s inauguration, the crypto industry is urging the new administration to deliver on campaign promises to establish a pro-crypto regulatory environment. The industry is already having high hopes from Trump who pledged to be a “crypto President”. Sources familiar with the matter stated that the key promises include a federally-backed US Bitcoin reserve, ensuring crypto companies have access to banking services, and forming a dedicated crypto council, reported Reuters. Insiders say the industry is pressing for these executive orders to be issued within Trump’s first 100 days in office, with expectations that at least one directive could be announced as early as January 20. Analysts remain curious as to whether the President-elect will use executive orders, through the Treasury Department, to establish a federal Bitcoin reserve or if such a move would require Congressional approval. Bitcoin Policy Institute Submits Draft Proposal Crypto industry advocacy group the Bitcoin Policy Institute has submitted a draft proposal explaining how the reserve could be created. The draft talks of building a strategic Bitcoin reserve asset and mandates the Treasury Secretary to allocate $21 billion over a year to build a national Bitcoin stockpile. Zack Shapiro, head of policy at the Bitcoin Policy Institute, emphasized the importance of the United States taking the lead in monetizing Bitcoin even before its geopolitical rivals. “The U.S. should act now, rather than risk the price skyrocketing without holding any…

---

Filed under: News - @ January 9, 2025 4:28 pm