Strategic Bitcoin Reserve: Opportunities and Challenges

This chapter explores the complexities of establishing a strategic Bitcoin reserve in the U.S., emphasizing the need for legislative approval rather than unilateral executive action. The discussion highlights the distinction between the U.S. Treasury and the Federal Reserve's roles in cryptocurrency legislation, alongside anxieties within the Bitcoin community regarding alternate cryptocurrencies like Ripple. Furthermore, it examines the evolving regulatory landscape, the potential for banks to custody cryptocurrencies, and the implications of current executive orders aimed at fostering a supportive environment for Bitcoin and crypto activities.