According to Foresight News, U.S. Congressman Byron Donalds plans to submit a legislative proposal to formally enact an executive order signed by the Trump administration this month, which aims to establish a strategic Bitcoin reserve and a U.S. digital asset reserve.
If the bill is passed, it will ensure that the policy cannot be revoked by future presidential executive orders. Trump's executive order requires the Treasury Department to establish a Bitcoin reserve to hold approximately 200,000 Bitcoins and authorizes the Treasury and Commerce Departments to devise 'budget-neutral' strategies to purchase more Bitcoins while prohibiting the sale of Bitcoins in the reserve. Additionally, the executive order establishes a digital asset reserve for the Treasury to store existing and future digital assets obtained through criminal or civil asset forfeiture.
