Byron Donalds Moves To Protect US Bitcoin Reserve From Future Presidents

Byron Donalds Moves To Protect US Bitcoin Reserve From Future Presidents

Key Takeaways

  • Representative Byron Donalds is leading an effort to codify Trump’s executive order on the U.S. Bitcoin reserve.
  • The bill has a chance of passing due to the growing bipartisan support for cryptocurrency policies in Congress.
  • However, it’s not the only law on digital assets that is being discussed in Congress.

Representative Byron Donalds is moving to lock in President Donald Trump’s strategic Bitcoin (BTC) reserve, pushing legislation that would make it a permanent part of U.S. policy.

With growing bipartisan support for cryptocurrency in Congress, the bill could reshape the country’s approach to digital assets—and keep Trump’s crypto-friendly legacy intact.

Donalds Moves To Protect Trump’s Bitcoin Reserve

Donalds’ bill aims to prevent future administrations from dismantling the reserve, effectively locking in Trump’s pro-crypto stance beyond his presidency.

Sources familiar with the matter say the legislation would require 60 votes in the Senate and a House majority to pass—a threshold that could be within reach as bipartisan support for cryptocurrency continues to grow.

“Now is the time for Congressional Republicans to decisively end this war,” said Donalds, a Florida Republican, underscoring the urgency of securing the policy.

Crypto Gains Momentum in Washington

Trump’s executive order directs the Treasury Department to manage a Bitcoin reserve using the government’s existing 200,000 BTC holdings.

Donalds’ push to codify this policy reflects a broader shift in Washington’s stance on digital assets. As he campaigns for Florida’s governorship, cryptocurrency has become a central pillar of his economic platform.

His bill also comes just a week after major crypto executives met with Trump at the White House, signaling increased industry engagement with policymakers.

Other Crypto Bills Under Debate in Congress

Donalds’ proposal is one of several digital asset laws under discussion in Congress.

The Financial Innovation and Technology for the 21st Century Act (FIT21), which defines the CFTC and SEC’s roles in overseeing crypto markets, has already passed the House and awaits Senate review.

Meanwhile, the GENIUS Act is advancing in the Senate. It proposes a federal framework for stablecoins to establish them as legitimate payment options.

The Digital Commodities Consumer Protection Act (DCCPA), which would grant the CFTC more authority over cryptocurrency trading, has seen slower progress following concerns raised after the collapse of FTX.

With crypto regulation gaining traction in Washington, Donalds’ bill could play a decisive role in shaping Bitcoin’s future as a U.S. strategic asset.


Was this Article helpful?



Yes



No




Source link

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

More From Author

F1 race in Thailand moves closer with Domenicali heading for talks in Bangkok

F1 race in Thailand moves closer with Domenicali heading for talks in Bangkok

Boosting the response speed of quantum LEDs via an excitation memory effect

Boosting the response speed of quantum LEDs via an excitation memory effect

Leave a Reply

Your email address will not be published. Required fields are marked *