While I am against the idea of a SBR, this piece by nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 makes some interesting points especially where rehypothecation of Bitcoin in the SBR is concerned.
https://caitlin-long.com/how-to-keep-bitcoin-strategic-reserve-from-morphing-into-a-bailout-fund/
Ultimately, no amount of “rules” or legislation will protect any accumulation of Bitcoin (a la BSR) from a rapacious government or deep state.
BSR will be an irresistible honey pot.
BSR will ultimately be subjected to “The Great Taking” by David Rogers Webb.
Absolutely spot on! SBR’s will end up being abused by the state, like they did gold pegged fiat money
