Byron Donalds Introduces Bill to Secure Trump's Bitcoin Reserve
Representative Byron Donalds has introduced legislation designed to protect President Donald Trump's strategic Bitcoin reserve from future administrations. The Florida Republican's bill would cement the reserve as a permanent part of U.S. policy, requiring significant congressional action to reverse, according to CCN reporting.
The legislation would need 60 votes in the Senate and a House majority to pass. According to sources familiar with the matter, this threshold may be achievable as support for cryptocurrency grows on both sides of the political aisle.
"Now is the time for Congressional Republicans to decisively end this war," Donalds stated, pushing for quick action to secure the policy. His effort comes as he campaigns for Florida's governorship, with cryptocurrency forming a key component of his economic platform.
Trump's executive order directs the Treasury Department to manage a Bitcoin reserve using the government's existing 200,000 BTC holdings. Donalds' move to codify this policy reflects Washington's changing attitude toward digital assets.
The bill follows a recent meeting between major cryptocurrency executives and President Trump at the White House, showing increased engagement between the industry and government officials.
Several other cryptocurrency bills are currently being considered in Congress:
- The Financial Innovation and Technology for the 21st Century Act (FIT21), defining CFTC and SEC oversight roles, has passed the House
- The GENIUS Act, creating a federal framework for stablecoins, is advancing in the Senate
- The Digital Commodities Consumer Protection Act (DCCPA), which would expand CFTC authority over crypto trading, has slowed following FTX's collapse
With growing bipartisan support for cryptocurrency regulation, Donalds' bill could play a key role in establishing Bitcoin as a long-term strategic asset for the United States.
