U.S. Congressman to introduce a bill ensuring the strategic Bitcoin reserve cannot be revoked

The member of the US Congress Byron Donalds plans to introduce a bill to ensure that the executive decree of President Donald Trump which establishes a Bitcoin strategic reserve cannot be canceled by future presidents.

According to a recent Bloomberg reportDonalds’ bill aims to protect the executive decree to establish a national strategic bitcoin (BTC) Reserve and WE Digital assets prevent the elimination of executive policies or decisions of future American presidents. Consequently, the bill is used to “codify” the executive decree signed on March 7.

“For years, the Democrats have waged war in crypto. It is now time for the Congress Republicans to decisively end this war, “said the Republican of Florida. Donalds himself is known for kissing the crypto while he is preparing to run for Florida governor in the next elections.

In order to adopt, the bill would require 60 votes from the Senate and a majority vote in the House of Representatives. Trump The administration was deemed much more pro-Crypto, in particular in relation to the previous Biden administration, which was accused of having tried to tramp the cryptography industry through regulatory organizations such as the Commission of securities. Until now, the majority of Crypto user -friendly policies have obtained support from the Trump Congress of Democrats and Republicans.

What does the executive decree of the Bitcoin reserve involve?

Trump’s decree requires the creation of a bitcoin reserve as well as a stock of digital assets of major tokens like XRP (Xrp), Ground (GROUND) And there (ADA). The reserve would be compiled using the BTC owned by the American federal government, seized of the procedure for confiscating criminal or civil assets.

Not only that, the decree also authorizes the ministries of the Treasury and the Trade to offer “neutral strategies on the budget” to buy more bitcoin for the reserve. In this way, the government would not buy Bitcoin using taxpayers’ funds. The decree also prohibits the sale of any bitcoin in the reserve.

The AI ​​and the Crypto Tsar David Sacks have estimated that the US government is currently holding 200,000 BTC. However, the exact amount has not been disclosed, since the BTC Trove has never been submitted to a complete audit.