U.S. Representative Byron Donalds to Introduce Bill for Strategic Bitcoin Reserve Following Trump’s Executive Order

On March 14, COINOTAG News reported that U.S. Representative Byron Donalds is poised to unveil a legislative initiative aimed at cementing a recent executive order instituted by the Trump administration. This directive aspires to create a strategic Bitcoin reserve alongside a dedicated U.S. digital asset reserve. Should this bill gain approval, it will solidify the policy against potential retraction by subsequent presidential executive actions.

The executive order mandates the U.S. Department of the Treasury to establish a reserve comprising approximately 200,000 bitcoins. Furthermore, it empowers the Treasury and Commerce Departments to formulate a budget-neutral strategy to expand this Bitcoin reserve. Importantly, this order also establishes a digital asset reserve within the Treasury Department to manage existing and future digital assets acquired via criminal or civil asset seizures, explicitly barring the sale of the Bitcoin contained within this reserve, as detailed by Bloomberg.