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U.S. Congressman Byron Donalds has announced plans to introduce a bill aimed at securing President Donald Trump’s executive order that establishes a strategic Bitcoin reserve. This legislation would ensure that the order cannot be overturned by future presidential administrations, creating a lasting framework for the United States’ digital asset strategy.

What Is the Purpose of the Bill?

The proposed bill seeks to “codify” the executive order signed on March 7, which mandates the creation of a national Bitcoin reserve and a broader U.S. digital asset stockpile. By doing so, the bill would protect these measures from being reversed or modified by future presidents. Congressman Donalds, a Florida Republican and vocal supporter of cryptocurrency, emphasized the need to end what he described as a prolonged political “war on crypto.”

“For years, the Democrats waged war on crypto. Now is the time for Congressional Republicans to decisively end this war,” said Donalds.

Donalds, who is gearing up for a gubernatorial run in Florida, has positioned himself as a strong advocate for blockchain technology and digital currencies. To pass, the bill will require 60 votes in the Senate and a majority in the House of Representatives.

Pro-Crypto Stance Under Trump’s Administration

President Trump’s administration has been widely regarded as more supportive of cryptocurrencies compared to its predecessor. Critics of the Biden administration have often accused it of attempting to stifle the crypto industry through regulatory measures, particularly via agencies like the Securities and Exchange Commission (SEC).

In contrast, Trump’s Congress has seen bipartisan support for crypto-friendly policies, signaling a shift in how digital assets are perceived within the legislative sphere. The establishment of a Bitcoin reserve aligns with a broader effort to integrate blockchain technology into the U.S. financial system.

Details of the Bitcoin Reserve Executive Order

The executive order signed by President Trump outlines the creation of a Bitcoin reserve and a digital asset stockpile that includes other major cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA). These reserves would primarily consist of Bitcoin (BTC) seized by the federal government through criminal or civil asset forfeiture cases.

To ensure fiscal responsibility, the order directs the Treasury and Commerce Departments to develop “budget-neutral strategies” for acquiring additional Bitcoin. This approach avoids the use of taxpayer funds for purchasing Bitcoin. Additionally, the order prohibits the sale of any Bitcoin held within the reserve, ensuring long-term stability and strategic value.

How Much Bitcoin Does the U.S. Hold?

David Sacks, an AI and cryptocurrency expert, has estimated that the U.S. government currently holds approximately 200,000 BTC. However, the exact amount has not been publicly disclosed, as the holdings have never undergone a full audit. This lack of transparency has fueled speculation about the government’s crypto reserves and their potential impact on the market.

Implications for the Crypto Industry

If passed, this legislation could solidify the United States’ position as a leader in the rapidly evolving cryptocurrency space. By establishing a strategic Bitcoin reserve, the government signals its commitment to leveraging blockchain technology for economic and national security purposes. Additionally, this move may encourage further adoption of digital assets across both the private and public sectors.

As the bill progresses through Congress, it will be closely watched by investors, policymakers, and crypto enthusiasts alike. Its outcome could set a precedent for how governments worldwide approach cryptocurrency reserves and digital asset policies.

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