The meeting focused on integrating cryptocurrency into the federal framework and advancing crypto-related appointments within financial departments and Congress.
The concept of a Strategic Bitcoin Reserve, referenced by Trump in a July speech in Nashville, aims to classify Bitcoin as a strategic reserve asset managed by the Treasury’s Exchange Stabilization Fund.
Following the meeting, Bitcoin Magazine revealed a draft executive order by the Bitcoin Policy Institute outlining the reserve’s structure and objectives. The proposal mandates strict audits and security protocols while consolidating all Bitcoin held by the government, including assets acquired through forfeitures, under the reserve within seven days.
The draft also directs the Treasury to establish a comprehensive program within 60 days for acquiring and managing Bitcoin holdings. Advocates view the reserve as a significant step toward securing US economic leadership in digital assets while bolstering economic resilience and global financial influence.
Marszalek’s visit comes after Trump’s recent consultation with Coinbase CEO Brian Armstrong on November 19, as reported by Fortune. Trump has also announced crypto-friendly appointments for his upcoming administration, including Howard Lutnick as commerce secretary and Paul Atkins to lead the US Securities and Exchange Commission, further solidifying his pro-crypto stance.
The announcement coincided with Bitcoin reaching an all-time high of US$108,268.45 on December 17, underscoring market optimism around the news.
Meanwhile, Ohio House Republican leader Derek Merrin has proposed a bill to establish a state-backed Bitcoin Reserve, signaling growing interest in cryptocurrency reserves at both state and federal levels.
Also read: Crypto policy in the US could take centerstage next year
