Odaily News U.S. Representative Byron Donalds plans to submit a draft bill to formalize the Trump administration’s recent executive order to establish a strategic Bitcoin reserve and U.S. digital asset reserve. If approved, the bill will ensure that the policy cannot be revoked by a future presidential executive order.
Trump's executive order requires the U.S. Treasury to establish a Bitcoin reserve and hold approximately 200,000 Bitcoins, while authorizing the Treasury and Commerce Departments to develop a "budget neutral" strategy to further increase Bitcoin reserves. In addition, the order also establishes a digital asset reserve for the Treasury Department to store existing and future digital assets obtained through criminal or civil asset forfeiture, and explicitly prohibits the sale of Bitcoin in the reserve. (Bloomberg)