Rep. Byron Donalds Seeks to Codify Trump’s Bitcoin Reserve Order
- Byron Donalds plans to propose legislation to codify Trump’s executive order on a Bitcoin reserve.
- The order permits the US Treasury to hold 200,000 Bitcoin and prohibits selling it.
- The bill aims to protect the policy from potential reversals by future presidents.
- Passing the bill requires 60 Senate votes and a House majority.
- Senator Cynthia Lummis has reintroduced related legislation for a Strategic Bitcoin Reserve.
Byron Donalds is pushing for legislation that would make Trump’s executive order on holding a strategic Bitcoin reserve into law, ensuring its stability against future political changes. The proposed law faces challenges in Congress but has bipartisan support.
Source (2.6)https://cryptobriefing.com/bitcoin-reserve-law-trump/?rand=59535
