Boring is confident that Trump will use his legal power to fulfill his promises.
For the CEO of The Digital Chamber, the Fed only intends to maintain its monopoly.
Perianne Boring, founder and CEO of The Digital Chamber, an organization dedicated to promoting favorable public policies for the Bitcoin (BTC) ecosystem, expressed her optimism regarding 2025, underlining the positive change in the regulatory environment towards this digital currency. This is especially due to the promises that President-elect Donald Trump made during his campaign, among which the creation of a strategic reserve of Bitcoin stands out.
During an interview with Natalie Brunell on the “Coin Stories” podcastBoring was convinced that Trump will comply with the creation of the national treasury in bitcoingiven that “it has the legal tools to move forward with this initiative.” However, it is clear that achieving this will not be an easy task. In fact, there will be great obstacles, as he stated.
He revealed that he was in a meeting with officials from the Federal Reserve (Fed), in which the proposal to create a treasure in bitcoin was discussed, which It was called “the stupidest idea ever created”. He described the tense atmosphere in the Fed meeting room. “When I brought this up, I had never seen a reaction like what I saw at that table. “People in the room were cursing, saying that it is the stupidest idea ever created because, according to them, there is nothing strategic about bitcoin,” he said.
We were almost kicked out of the room because the Fed officials thought it was a very bad idea. And they asked themselves, ‘How dare we even mention this idea inside the Federal Reserve building?’
Perianne Boring, pro-bitcoin policy advocate.
Brunell asked whether Fed officials’ reaction against a bitcoin reserve was due to a “knowledge and education gap” or a deep-seated interest in maintaining the status quo. In response, Boring suggested it could be both, since the Fed currently has a monopoly on printing money. He then argued that adding BTC to the US treasury could actually preserve that monopoly, potentially backing the dollar or Treasury bonds with bitcoin.
Regarding the legal mechanisms that Trump will have to fulfill his promise, Boring pointed out that “there are important executive authorities that the President of the United States has” to execute, at least, the first part of the plan, that is, consolidate a bitcoin hoard as government property under a new reserve«he added.
He then explained that the next step Trump would have to take would be to go to Congress to authorize large expenses such as the purchase of more bitcoin. “There are ample funds that the executive branch could use and I think if there is a will, there is a way,” Boring said. “President-elect Trump promised this to our community and I don’t think anything will stop him.”
Asked if he thought the US would own more bitcoin in a year, Boring refrained from making a direct prediction, but stressed that the “authorities are there” and that the project primarily needs strong leadership: “This really starts with the leadership because to do that, you need someone at the highest levels who is willing to execute a bold mission.”
Wind in favor of Bitcoin in the United States
Perianne Boring spoke with Natalie Brunell on the podcast about her work to achieve pro-bitcoin policies. He said he has been doing it since 2014, so for a decade he has seen political support grow.
He added that this support is now reinforced by the possibility of having a new president at the Securities and Exchange Commission (SEC), such as Paul Atkins, with whom he has worked closely in the organization of which he has been a part since 2017. Thus which, based on this, predicts that With this leadership, the industry will see the regulatory clarity necessary to move forward.
Boring explained that cryptocurrency regulation began to be an issue during the Initial Coin Offering (ICO) boom in 2016. For her, the lack of clarity over which government agency regulates the cryptocurrency sector has been a challenge, with the SEC and CFTC having overlapping and ambiguous jurisdictions.
He added that the need to define when a cryptocurrency is a security is crucial, and criticizes the lack of leadership in this area, suggesting that There has been deliberate resistance to slowing the growth of the digital asset industry. Additionally, she expressed her conviction that, from now on, the wind is already blowing in bitcoin’s favor.
He later signed off with a message of hope that bitcoin will positively integrate into the American financial system while maintaining its core principles of freedom and privacy.
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