According to PANews, Geoff Kendrick, the Global Head of Digital Asset Research at Standard Chartered, has proposed several budget-neutral strategies for the U.S. government to purchase Bitcoin while implementing U.S. President Donald Trump's latest executive order. These strategies aim to avoid imposing additional costs on American taxpayers, a practice prohibited by Trump when establishing a strategic Bitcoin reserve on Thursday.
In a research report released last Friday, Kendrick outlined that the Trump administration could consider 'selling gold,' utilizing the U.S. Treasury's Exchange Stabilization Fund (ERF), or incorporating budget-neutral plans into the 2024 Bitcoin Act proposed by Senator Cynthia Lummis.
The World Gold Council reports that the U.S. government currently holds 8,133.46 tons of gold reserves, valued at approximately $758 billion at current prices.