US Rep. Byron Donalds to Introduce Bill Codifying Trump’s Bitcoin Reserve

US Representative Byron Donalds is set to introduce a bill to formalize President Trump’s executive order establishing a US Strategic Bitcoin Reserve. The reserve, created using Bitcoin seized in government criminal cases, aims to integrate Bitcoin into the nation’s financial strategy.

The bill seeks to make the reserve permanent, preventing future administrations from dismantling it. With Republican support in the Senate, the bill has a chance of passing.

Experts, including blockchain adviser Anndy Lian, see this as a pivotal moment for US crypto regulations, potentially clarifying government policy on digital assets. However, challenges remain in identifying funding mechanisms and custody solutions. The order allows for budget-neutral Bitcoin acquisitions, leaving room for future government purchases.