At the 2024 event, he pledged to build a strategic reserve of Bitcoin.
Key industry figures are vying to join his crypto advisory board, including Coinbase, Ripple, and others, according to Reuters.
Labs and venture capital firm Andersson Horowitz (a16z) are among the companies hoping to join the committee.
The advisory committee could be placed under the White House's National Economic Council, but there is also the possibility that it could operate as an independent body.
The North American Blockchain Summit was held on this day.
Summit, Bitcoin advocate and Satoshi Action Fund
Dennis Porter, co-founder of the Fund
Porter emphasized the need for a strategic Bitcoin reserve in the United States.
He said, "We must prevent undue influence from hostile foreign powers.
"One of the best things we can do is buy and sell bitcoin on the market and act as a shock absorber for our domestic mining workforce."
Porter likened the importance of a strategic stockpile of Bitcoin to the Louisiana Purchase of 1803 and the Alaska Purchase of 1867.
He reiterated what Strategy CEO Michael Saylor had previously said: "We bought it at a very low price back then. We're still in Bitcoin today.
"By adopting it as a reserve asset, we have the opportunity to reap the benefits before other countries."
2024/11/22 14:19 KST
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