15-3-2025 – Byron Donalds is poised to table a landmark bill that seeks to codify former President Trump’s executive directive on establishing a national Bitcoin reserve.
The proposed legislation, which requires substantial cross-party backing to clear both congressional chambers, aims to create America’s first strategic cryptocurrency stockpile. The initiative has garnered noteworthy bipartisan momentum, marking a significant shift from historical cryptocurrency scepticism amongst lawmakers.
Representative Donalds, highlighting the evolving political landscape, emphasised the urgency to move past previous regulatory hesitancy, particularly noting the historical resistance from Democratic quarters. The bill’s architecture specifically includes safeguards against future presidential interventions, ensuring the longevity of the proposed crypto reserve system.
The Treasury Department’s role would be pivotal, as the legislation empowers them to explore cost-neutral methods for expanding the nation’s Bitcoin holdings. The government presently maintains custody of approximately 200,000 Bitcoin units, primarily acquired through law enforcement operations targeting illicit activities.
Senator Cynthia Lummis has put forth an ambitious procurement strategy, suggesting annual acquisitions of 200,000 Bitcoin over a five-year period, potentially amassing a million units. Market analysts suggest this systematic accumulation could significantly impact global cryptocurrency valuations.
Several innovative funding mechanisms are under consideration, including the introduction of Bitcoin-backed government securities and the acceptance of select cryptocurrencies for tax settlements. These proposals represent a marked departure from conventional treasury management practices.
