Strategic Bitcoin Reserve might be budget-neutral, but I think the critical challenge is that policymakers still urgently need a crystal-clear framework for managing three major risks: volatility, custody security, and regulatory expectations.
The only realistic path forward is to pair strict oversight with completely transparent rules for reserve management. Otherwise, taxpayers remain indirectly and unnecessarily exposed. If this is all done very carefully, though, it could genuinely strengthen U.S. financial leadership without undermining stability or public trust.