According to Foresight News, according to Bloomberg, US Congressman Byron Donalds plans to submit a legislative draft to officially legislate the executive order signed by the Trump administration this month, which aims to establish a strategic Bitcoin reserve and a US digital asset reserve. If passed, this bill will ensure that the policy will not be revoked by future executive orders from the president. Trump's executive order requires the Treasury Department to establish a Bitcoin reserve to hold approximately 200000 bitcoins, and authorizes the Treasury and Commerce Departments to develop a "budget neutral" strategy to purchase more bitcoins, while prohibiting the sale of bitcoins from the reserve. In addition, the executive order also establishes the Ministry of Finance's digital asset reserve for storing existing and future digital assets obtained through criminal or civil asset confiscation.
