Matthew Pines posted a long form post on X speculating on what legal authority President Trump could use to establish a strategic Bitcoin reserve. He proposed two ideas.

The first was instructing the Treasury Secretary to purchase Bitcoin using the Exchange Stabalization Fund.

The second was to instruct/pressure the Fed to use its 13(3) emergency authorities for “unusual and exigent circumstances” to setup a Special Purpose Vehicle and then lend to that SPV for the purpose of making open market Bitcoin purchases.

Jason Lowery made a reply to his post offering a third and perhaps simpler approach by saying "Defense Production Act"

Once everyone realizes the fact that Bitcoin is a physical power projection technology and a national strategic security imperative, this conversation becomes much easier.