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The Milk Road Show
3 Ways Trump Could Make a US Crypto Reserve a Reality w/ Jake Chervinsky
Mar 4, 2025
Jake Chervinsky, Chief Legal Officer for Variant Fund and former legal chief at Compound Finance, dives into the potential for a U.S. crypto strategic reserve under a Trump administration. He discusses constitutional challenges and executive orders that could pave the way for such an initiative. The conversation also highlights how the U.S. government might invest in digital assets like Bitcoin and Ethereum, regulatory shifts, and the readiness of banks to embrace crypto. Chervinsky's insights spark a lively debate about the future of cryptocurrencies in the financial landscape.
45:21
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Quick takeaways
- The establishment of a US Crypto Strategic Reserve faces legal hurdles requiring congressional approval, limiting the president's unilateral actions.
- State-level initiatives like Utah's House Bill 230 exemplify adaptive approaches to crypto regulation that could influence broader legislative changes.
Deep dives
Potential of a US Crypto Strategic Reserve
The idea of establishing a US Crypto Strategic Reserve, as discussed, faces significant legal and procedural hurdles. It is unlikely that Trump can create this reserve solely through executive orders, as Congress has the authority to allocate federal spending. However, there are scenarios where the executive branch could take initial steps, such as halting the sale of digital assets currently held by the government. This would constitute a preliminary move toward creating a strategic reserve without needing full congressional approval.
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Discover
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