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US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserve

cryptoweekly by cryptoweekly
March 14, 2025
in bitcoin, News
0

The bill “aims to cement the reserve as a permanent fixture, shielding it from reversal by future administrations,” blockchain regulatory experts told Cointelegraph.

A new bill set to be introduced in Congress aims to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation’s financial strategy.

Trump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve.

The legislation, introduced by US Representative Byron Donalds, seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.

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Recent Posts
  • Is crypto still taxed in Australia? Major legal update explained
  • Bitget secures Georgia license as part of Europe expansion
  • Bitcoin gets Fed rate pause 'tailwind' as BTC eyes $106K short squeeze
  • Nobitex source code leaked after $100M hack by pro-Israel group
  • South Korea to investigate fees by local crypto exchanges
  • Nobitex source code leaked after $100M hack by pro-Israel group
  • South Korea to investigate fees of local crypto exchanges

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