Last night, President Trump signed the executive order of “digital assets” (EO), and say that the bitcoiners feel … sour. Initially, the rumors made a turn that this could be the strategic legislation of Bitcoin Reserve (SBR) expected. But no, not even close. Bitcoin Reserve did not receive a single mention.
Instead, the EO said:
“The working group will evaluate the potential creation and maintenance of a reserve of national digital assets and will propose criteria to establish said reserve, potentially derived from cryptocurrencies legally seized by the federal government through its efforts to apply the law.”
Translation: This EO seems like a vague roadmap “Let’s Study Shitcoins” instead of a bold step towards a strategic Bitcoins reserve. If you expected a moment of orange pill of the state of the nation, this is not all.
But before going to the tweet, breathe deep. There is a positive side. The EO prohibits the CBDC, a great victory for Freedom Money and a more aligned Bitcoin future.
And, as Senator Cynthia Lummis reminded us yesterday, her Bitcoins Reserve Strategic Law is “A great elevator“:
Why is this good news? Let’s break it down:
- Executive orders are fragile: EOS is rapidly implemented, but the next administration can easily reverse. They are post-IT political notes, not permanent solutions.
- The legislation is durable: the laws approved by both Congress chambers are much more difficult to repeal. Lummis’s long -term strategy aims to consolidate Bitcoin’s role in the US economy during generations, not only in the next electoral cycle. She is taking the route of low time preference, and I greet her for that.
Senator Lummis said it in an X DM, allowed me to share:
“Even if the EO had been a strategic Bitcoin reserve, the next Administration (after Trump) could undo it (which is generally done administratively can be designed). Then, to obtain the minimum HODL of 20 years, that my project of Law requires, and significantly the debt of the United States, we have to go through the legislative process (pass through the Chamber and the Senate) to take it to the president’s desk for signature.
It is really important that we have impulse for a marathon, not a sprint. I don’t want people to be discouraged. The trajectory is to the moon, but we have to continue with her and work the process. Much to do, but the EO was a great exit point to take us there. ”
So, yes, the EO feels like a quick victory for cryptographic executives anxious to pump their bags. But the true fight for the future of Bitcoin just begins.
An SBR approved by Congress is better than an SBR through the executive order. Of the end!
Bitcoin has always prospered in adversity. These are prohibitions, restrictions or now the nonsense of the “existence of national digital assets”, Bitcoin’s resilience is unique. While Senator Lummis works to promote the Bitcoin Reserve Strategic Law through Congress, individual states already lead the position. The states introduce specific Bitcoin reserve legislation, not lazy “digital active” plans.
Meanwhile, Global Momentum is building. Putin did not say: “No one can control digital assets,” he said: “No one can control Bitcoin “. The national states are not ready at $ Trump or Fartcoin. They are looking, learning and approaching Bitcoin.
Bitcoin wins because it is superior money. Each piece of news, even setbacks, is ultimately optimistic for Bitcoin because it exposes the weaknesses in Fiat and strengthens Bitcoin’s narrative. So stay patient. Slow burn will be worth it.
See you in Las Vegas, and remember: The best money earns.
This article is a Carry. The opinions expressed are completely from the author and do not necessarily reflect those of BTC INC or Bitcoin magazine.
