In the middle of the US Bitcoin Reserve (BTC) boom promoted by President Donald Trump, lawmakers presented a bill to prevent the treasure from being eliminated by other presidents.
Rep. Byron Donald of Florida has raised a proposal before the US House of Representatives Rescising an executive order issued by Trump On March 6th, we will establish the formation of the BTC reserve.
The initiative arrives at key moments in North American countries We are experiencing increased support for cryptocurrency.
Donald was directly at his approach. “For years, Democrats have fought a war with cryptocurrency, and Bloomberg reports, he said.
The project is about to convert the treasures of Bitcoin into a permanent element of the country. To achieve this, It will require 60 votes in the Senate and a majority in the House. But the dominant pro-writing political environment in Washington opens a window of opportunity. Generally, there is a real possibility that the proposal would be approved, and if so, it could be promulgated by Trump himself.
The Bitcoin Reserve ordered by President Trump will initially consist of 200,000 BTC. These come from previous government confiscationsas reported by Cryptonotic. The measure aims to position the United States as a leader in digital assets management.
Trump defended the initiative as part of his economic vision, claiming that cryptocurrencies represent a global fiscal future. The treasures of the BTC will be an important step in institutionalizing the use of this digital currency at the state level.
Byron Donald is nothing new to supporting the sector. Lawmakers are embracing cryptocurrency as part of his political platform. at the moment, The governor of Florida is assumed in next year’s election. His promises are ambitious. It’s about transforming Florida into global financial capital with the help of digital assets. This position has led him to gain support among cryptocurrency enthusiasts, an increasingly influential group in American politics.
As a sample of his commitment, Donald wrote this week to the interim president of the Bag and Securities Commission (SEC). In it, he urged the agency to end what Joe Biden described as an administration’s military era against the industry. The letter, he says, reflects his intention to dismantle the restrictive policy. They stopped growing the sector. This action reinforces his image as a cryptocurrency advocate in the regulatory transition context.
The bill presented by Donald arrives at the time of inflection. Trump’s executive order, issued just a week ago, sparked debate between Congress and the public. Some lawmakers see a Opportunities to strengthen the national economy. Meanwhile, others have warned of the risks of linking governments to unstable assets.
This initiative also has international meaning. The United States is not the only country that explores the use of Bitcoin at the state level. El Salvador, for example, adopted this currency and gave him a legal course in 2021 (though that is no longer due to pressure from the International Monetary Fund).
However, the US reserve scale exceeds previous efforts. At 200,000 BTC, The country will manage a significant portion of its total supply of Bitcoinit is limited to 21 million units. This can affect global markets and asset recognition as value reserves.
Legislative paths are not simple. Environment is preferred, but approved There needs to be coordinated efforts between Republicans and some Democrats I am willing to support this measure.
The impact of Donald’s law, if approved, can extend beyond the Trump administration. When protecting BTC reserves against future cancellationsprojects establish precedents for digital assets management By the government. This could lay the foundation for greater integration of cryptocurrencies in the US economy.
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