The cryptocurrency industry is lobbying President Donald Trump and incoming administration officials to purchase billions of dollars worth of Bitcoin for a national crypto treasury, according to reports and policy proposals obtained by The New York Times–
A proposal drafted by the Bitcoin Policy Institute for Trump officials said such a stockpile could protect the country from economic fluctuations and drive investment in renewable energy. But the point they emphasize most is that if the US purchases Bitcoin in large quantities, it will be able to “maintain the alignment” of the Western-led global order. and counter China's economic power and geopolitical influence.
“Bitcoin can expand the global reach of the dollar network. especially in emerging markets where China's digital dictatorship is struggling to gain traction,” according to the BPI report. report The topic is “The US-China ‘Global Economic Ranking’ Competition and Bitcoin as an Instrument of the US State,” which specifically addresses Scott Bessent, Trump’s pick for Treasury Secretary.
After summarizing all guidelines that the United States lagging behind China for a long time The report recommends creating a strategic Bitcoin Reserve of $1 million and lays out a set of predictions that the U.S. How could this fund be used for political influence if the value of the currency increases from the current rate of just over $100,000 per Bitcoin to between $500,000 and $1.5 million per coin?
g Second BPI Policy Letter It also discusses how massive investment in Bitcoin could counter China. But the list of enemies is not limited. He said that the United States It needs to cement its crypto leadership and global influence. “Before dictators and entrepots in the Middle East and Asia seize the initiative.”
BPI claims that its proposal is not motivated by a desire to add value to existing Bitcoin holders.
“Government strategic adoption of Bitcoin is not about rewarding private holders,” the group wrote in one report. “It is a matter of national interest: protecting U.S. financial leadership, ensuring economic resiliency. and countering opposing movements The interests of Bitcoin holders are secondary to the broader objective of maintaining America's place in the global financial system.”
The Times reports that BPI proposals calling for strategic warehouses have been paired with personal lobbying efforts by crypto executives and even Senator Cynthia Lummis (R-WY).
Trump floating ideas of Bitcoin treasury while on the campaign trail He has also promised to make the United States a “Bitcoin superpower.” He has also named cryptocurrency advocates to senior government positions, including Paul Atkins, who he named chairman of the Securities and Exchange Commission.
Last week, the Ministry of Justice received approval to Sold for $6.5 billion The value of bitcoin seized from criminals