Last night, President Trump signed the “Digital Fund” executive order (EO), and let's just say Bitcoiners are feeling… sore. Initially, rumors were swirling that this might be the long-awaited Strategic Bitcoin Reserve (SBR) legislation. But no – not even close. The Bitcoin reserve did not receive a single mention.
Instead, the EO said:
“The Working Group will assess the creation and maintenance of a national digital asset stockpile and propose criteria for the establishment of such a stockpile, which could be derived from cryptocurrencies legally seized by the Government Federal through their law enforcement efforts.”
Translation: This EO looks like a vague “let's study shitcoins” roadmap rather than a bold step towards a Strategic Bitcoin Reserve. If you were hoping for a nation state orange pill moment, this is not it.
But before you tweet, take a deep breath. There is a silver lining. The EO bans CBDCs – a huge win for free money and a more aligned future with Bitcoin.
And, as Senator Cynthia Lummis reminded us yesterday, her Strategic Bitcoin Reserve Bill is “A BIG lift“:
Why is this good news? Let's break it down:
- Executive Orders are fragile: EOs are quick to implement but can easily be reversed by the next administration. They are political Post-it Notes, not permanent solutions.
- Legislation is Stable: Laws that pass through both houses of Congress are much harder to reverse. Lummis' long-term strategy aims to cement Bitcoin's role in the US economy for generations, not just the next election cycle. She is taking the low time option route, and I applaud her for that.
Senator Lummis said that in X DM she allowed me to share:
“Even if the EO had been completely Strategic Bitcoin Reserve, the next administration (after Trump) could cancel it (usually what is done administratively can be canceled to administration). So, to get the minimum 20-year HODL, which my bill calls for, and meaningfully address America's debt, we need to go through the legislative process (passage through the House and Senate) to to be brought to the President's desk for. signature.
It is extremely important that we have momentum for a marathon, not a sprint. I don't want people to be discouraged. There is a way to the moon but we have to stick with it and work the process. A lot to do but the EO was a great starting point to get us there.”
So yes, the EO feels like a quick win for crypto executives who love to pump their wallets. But the real struggle for the future of Bitcoin is just beginning.
An SBR approved by Congress is better than an SBR through an Executive Order. Full stop!
Bitcoin has always thrived in adversity. Whether it's bans, restrictions, or now the nonsense “national digital asset stock”, the stability of Bitcoin is unparalleled. As Senator Lummis works to push the Strategic Bitcoin Reserve Bill through Congress, individual states are already leading the charge. States are introducing Bitcoin-specific reserve legislation, not vague “digital asset” plans.
At the same time, a global movement is growing. Putin didn't say, “no one can control digital assets,” he said “no one can control Bitcoin”. Nation states are not going to FOMO into $TRUMP or FARTCOIN. They are watching, learning, and inching closer to Bitcoin.
Bitcoin wins because it is a better currency. Every piece of news, even setbacks, is ultimately bullish for Bitcoin because it reveals weaknesses in fiat and strengthens Bitcoin's narrative. So stay patient. The slow burn is worth it.
See you in Vegas – and remember: the best money wins.
This article is a Take. The views expressed are entirely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
