Earlier this month, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve. While no new BTC purchases are planned for now, the US government will retain its existing holdings of around 200,000 Bitcoin. Officials are also exploring strategies for future acquisitions.
Now, US Congressman Byron Donalds is pushing for legislation to formalize Trump’s order, ensuring it remains in place even under future administrations.
Bill Seeks to Protect the Bitcoin Reserve
According to Bloomberg, Byron Donalds is set to introduce a bill today to secure the national BTC reserve. If passed, this law would prevent future presidents from eliminating the reserve through executive action.
For the bill to become law, it needs:
✅ 60 votes in the Senate
✅ A majority in the House of Representatives
What Trump’s Executive Order Includes
Trump’s executive order directs the Treasury Department to:
📌 Manage the nation’s Bitcoin reserve
📌 Explore budget-friendly BTC purchase strategies
📌 Ban the sale of reserve-held Bitcoin
Additionally, the Treasury and Commerce Departments will work on ways to expand BTC holdings without burdening taxpayers.
What’s Next for the US Bitcoin Reserve?
If the bill passes, the Strategic Bitcoin Reserve will be legally protected, ensuring long-term government-backed BTC holdings. However, if it fails, future presidents could reverse the order, potentially selling off US-held Bitcoin.
With growing government interest in crypto, all eyes are on Congress to decide Bitcoin’s role in US financial strategy.
