• Pompliano urged the repealing of SAB-121 to boost Bitcoin’s institutional adoption.
• Trump’s pro-crypto stance sparked market excitement and high-return token speculation.

Renowned Bitcoin [BTC] advocate and investor Anthony Pompliano has proposed a bold agenda for President-elect Donald Trump to drive BTC adoption in the United States.

In a recent video shared on X (formerly Twitter), Pompliano highlighted three pivotal strategies. These could position Trump as a trailblazer in the digital currency revolution.

Pompliano’s three keys to crypto success 

Among the proposed measures, Pompliano called for the repeal of SAB-121. For those who don’t know, SAB-121 is a contentious accounting rule that currently classifies digital assets like Bitcoin as liabilities on bank balance sheets. Thus, hindering broader institutional adoption.

Pompliano explained, 

“If you’re a bank, you don’t want to custody an asset that counts as a liability.”

Removing this rule would encourage banks to hold Bitcoin, making the asset more secure and attractive for institutional investment.

Moving forward with his second proposal, the exec suggested the creation of a National Bitcoin Strategic Reserve.

 “The US government is going to hold more Bitcoin.” 

He further emphasized the importance of the U.S. acquiring additional Bitcoin. Pompliano cited the $200,000 already held on the federal balance sheet as a foundation for positioning the cryptocurrency as a vital long-term economic asset. 

“It’s good for the US economy over the long run for the United States to have more Bitcoin.”

He also highlighted Bitcoin’s transformative potential for individuals, corporations, and even nations. This comes as debates around its role as a national reserve asset gain momentum.

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Author: Ishika Kumari