Story Highlights
- Byron Donalds to introduce a bill to protect U.S. Bitcoin reserve.
- Trump’s executive order on crypto reserve may become permanent.
- Bill prevents future administrations from reversing Bitcoin policies.
U.S. Representative Byron Donalds plans to introduce a new bill on Friday to protect the national Bitcoin reserve and digital asset stockpile. President Trump’s executive order will become permanent through this legislation, so future administrations cannot cancel it by executive action. Bloomberg reports that this bill would maintain Trump administration policies regarding cryptocurrencies permanently.
President Trump signed an executive order that created the U.S. Crypto Strategic Reserve this past month. The strategic reserve under this bill incorporates Bitcoin and XRP alongside Solana (SOL) and Cardano (ADA). Following the announcement, the cryptocurrency market showed major operational changes.
The current bill from Donalds strives to make Trump’s policy official through established legislation. The bill mandates that the U.S. Treasury Department establish and sustain Bitcoin reserves in its possession. At present, the federal government manages approximately 200,000 Bitcoin while officials expect its worth will appreciate further. By using this strategy, the government might enhance its resources independently through non-taxpayer resources.
Bill Aims to Secure U.S. Bitcoin Holdings
Through this order, Bitcoin cannot be sold from the national reserve. Through this directive, the federal government requires the Treasury and Commerce departments to develop affordable approaches for Bitcoin acquisition. The government seeks new methods to increase its crypto assets while keeping away from costly expenditures.
The actions of Trump have brought about more productive relations between crypto leaders and government officials. The main crypto executives met with President Trump and senior White House officials during the last week. The digital asset industry appears to be gaining increased administrative engagement based on this recent meeting.
The bill presented by Donalds seeks to establish permanent national Bitcoin reservation policies, which promotes significant progress toward this objective. This initiative serves to prevent a later administration from undoing the Trump policy. The rise of cryptocurrencies shows their expanding role in shaping U.S. financial policy standards. Many observers will follow the congressional decision regarding this bill to understand its impact on digital assets within the United States.
