{"id":125077,"date":"2025-03-14T13:18:22","date_gmt":"2025-03-14T13:18:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125077"},"modified":"2025-03-14T13:18:22","modified_gmt":"2025-03-14T13:18:22","slug":"us-rep-byron-donalds-to-introduce-bill-codifying-trumps-bitcoin-reserve","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125077","title":{"rendered":"US Rep. Byron Donalds to introduce bill codifying Trump\u2019s Bitcoin reserve"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA new bill set to be introduced in Congress aims to formalize President Donald Trump\u2019s executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation\u2019s financial strategy.<br \/>\nTrump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve.<br \/>\nThe 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.<br \/>\nSource: Margo Martin\u201cFor years, the Democrats waged war on crypto,\u201d Donalds, a Florida Republican, said in a statement to Bloomberg. \u201cNow is the time for Congressional Republicans to decisively end this war.\u201d<br \/>\nIf the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.<br \/>\nThe bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority \u2014 and a generally more crypto-friendly stance \u2014the bill has a chance of passing.<br \/>\nUS states with Bitcoin reserve bill propositions. Source: BitcoinlawsAccording to Bitcoinlaws data, at least 23 US states have introduced legislation supporting a Bitcoin reserve, reflecting growing state-level interest in integrating crypto into fiscal policy.<br \/>\nRelated: Trump turned crypto from \u2018oppressed industry\u2019 to \u2018centerpiece\u2019 of US strategy<br \/>\nA \u201cpivotal moment\u201d for US crypto regulations<br \/>\nThe introduction of the Bitcoin reserve-related bill marks a pivotal moment for the wider crypto industry, not just BTC.<br \/>\nThe legislation \u201caims to cement the reserve as a permanent fixture, shielding it from reversal by future administrations,\u201d according to Anndy Lian, author and intergovernmental blockchain expert.<br \/>\nThe bill signals the US government\u2019s intent to integrate Bitcoin into its financial framework, Lian told Cointelegraph, adding:<br \/>\n\u201cIt builds on Trump\u2019s earlier executive action by providing a statutory backbone, potentially clarifying the government\u2019s stance on digital assets. If passed, the bill could reduce uncertainty that has long plagued the crypto space, where agencies like the SEC and CFTC have often clashed over jurisdiction.\u201d<br \/>\n\u201cA codified reserve might encourage a more cohesive regulatory approach, offering businesses and investors a clearer path forward,\u201d he added.<br \/>\nHowever, identifying the right funding mechanisms and custody solutions for the Bitcoin reserve is a challenging step for governmental entities that may delay the fund\u2019s creation.<br \/>\nRelated: European lawmakers silent on US Bitcoin reserve amid digital euro push<br \/>\nDonalds\u2019 bill may also provide more clarity on the government\u2019s future Bitcoin acquisition strategies. Although the current plan does not involve government Bitcoin purchases, the order does not rule them out in the future.<br \/>\nThe order authorizes the US Treasury and Commerce secretaries to develop \u201cbudget-neutral strategies\u201d to buy more Bitcoin for the reserve, provided there are no additional costs to taxpayers.<br \/>\nMagazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler\u2019s Digest, Feb. 23 \u2013March. 1<a href=\"https:\/\/cointelegraph.com\/news\/trump-bitcoin-reserve-bill-congress?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA new bill set to be introduced in Congress aims to formalize President Donald Trump\u2019s executive order establishing a US Strategic Bitcoin Reserve, a move that could further&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125077"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125077"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125077\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125077"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}