Crypto Leaders Lobby Donald Trump to Approve US Bitcoin Reserve in First 100 Days: Reuters Report

Crypto industry leaders are lobbying Donald Trump to implement promised regulatory changes in the digital asset sector in his first 100 days in office. Donald Trump’s inauguration date is January 20, and the digital asset industrial leaders want an immediate swing to action. According to a Reuters report citing people familiar with the issue, the ongoing lobby could result in a flurry of executive orders on crypto regulation in the first 100 days in office, with at least one on inauguration day. “Given the tenor of the campaign, it would be imperative for executive orders to really set out what the actual priorities will be on day one and provide some kind of roadmap.” Polygon Labs’ chief legal officer, Rebecca Rettig, stated. Crypto Industry Expects Bitcoin Stockpile in First 100 Days For context, Donald Trump made several promises to the crypto community while vying for its support in pre-elections. Some of these included a friendlier environment for the nascent industry and the creation of a US Bitcoin strategic reserve. On crypto policies, Trump assured the sector it would clamp down on regulations restricting interactions with the traditional banking system and allow the industry to operate freely. Meanwhile, the industry expects an executive order on the establishment of a US Bitcoin stockpile in the first 100 days. While Trump cannot entirely persuade Congress to approve the Lummis Bitcoin Act bill, an alternative means—the United States Treasury’s ESF—exists. The Bitcoin Policy Industry has already drafted the bill, with an endorsement from Trump and the Treasury Secretary remaining. The bill would allow the United States to create a Bitcoin reserve through the Exchange Stabilization Fund (ESF), allocating $521 billion to the course. Trump is particularly fond of the Bitcoin reserve idea. During the 2024 Nashville Bitcoin Conference, he promised never to sell America’s Bitcoin but would ensure the country owns more of the asset teased to help pay off their national debt. Trump to Lift Banking Restrictions The crypto industry has also seen discrimination from the banking sector, sponsored by fears of regulatory scrutiny. Ripple’s CEO Brad Garlinghouse once disclosed how he and other crypto leaders were debanked due to ties with the digital asset industry. Trump looks to shift this trend by encouraging the financial sector to lobby more with the crypto industry. However, this could be tricky since the regulators of the federal banking system are independent. Meanwhile, Trump has made significant progress with his promises to the crypto industry. He has appointed pro-crypto Paul Atkins to head the US Securities and Exchange Commission (SEC) and tapped David Sacks as the White House crypto czar. The Trump transition team has also progressed in forming a crypto advisory team for the White House. With several crypto industry leaders on the radar, the team will advise the president on issues related to the digital sector.