Story Highlights
- Byron Donalds, the Bitcoin Butler, to propose a dashing bill.
- Trump’s crypto decree may stick around like a bad guest.
- No more flip-flopping on Bitcoin policies, darling!
U.S. Representative Byron Donalds, with a flourish, plans to introduce a bill this Friday to guard our dear national Bitcoin reserve. President Trump’s executive order is to be immortalized, ensuring future administrations can’t scrap it on a whim. Bloomberg reports that this bill would keep Trump’s crypto policies as permanent as a bad hairstyle.
President Trump, in a stroke of crypto genius, signed an executive order birthing the U.S. Crypto Strategic Reserve. This reserve, as per the bill, will house Bitcoin, XRP, Solana (SOL), and Cardano (ADA) — a crypto cocktail if ever there was one. The market responded with more twists and turns than a soap opera.
Donalds’ bill aims to cement Trump’s policy into law, ensuring the U.S. Treasury Department holds onto its Bitcoin like a precious tiara. With about 200,000 Bitcoin in the government’s coffers, officials are expecting its value to soar. Talk about a nest egg that doesn’t require the taxpayers’ chicken!
Securing the Bitcoin Crown Jewels
By this order, selling Bitcoin from the national reserve is as forbidden as a duchess in the trenches. The government, with a wink and a nod, tasks the Treasury and Commerce departments with finding thrifty ways to amass more Bitcoin. It’s all about increasing crypto assets without breaking the bank!
Trump’s actions have forged a love-hate relationship between crypto bigwigs and government bigshots. Crypto execs met with the President and his cronies last week, and the industry seems to be getting more love from the powers that be.
Donalds’ bill is a valiant attempt to lock in national Bitcoin policies for eternity, preventing any future administration from undoing Trump’s handiwork. Cryptocurrencies are the new belle of the ball in U.S. financial policy, and many a spectator will be watching Congress’s next move with bated breath.
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2025-03-14 17:29