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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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  • Shanghai regulator eyes a yuan-based stablecoin
  • Can you earn passive income running a Lightning node?
  • LIBRA token creator fights class suit, citing lack of jurisdiction
  • Tasmanian police find top 15 crypto ATM users are scam victims
  • Bitcoin, Ether ETFs clock second-biggest day of inflows on record
  • OpenAI faces IRS complaint over alleged tax violations
  • Investors are balking at ‘excessive’ Bitcoin miner exec pay: VanEck

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