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Trump's Bitcoin (BTC) Law Will Be Presented to Parliament in the USA!
Earlier this month, U.S. President Donald Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve.
While it was announced that there would be no new BTC purchases for now, and that the US would keep the BTCs in its hands, it was stated that ways to buy new BTC would be investigated.
As uncertainties about the Bitcoin reserve continue, U.S. congressman Byron Donalds will introduce a bill to enact an executive order signed by Trump establishing a strategic Bitcoin reserve and a U.S. digital asset stock.***
According to a report from Bloomberg, Byron Donalds will present the bill to secure the national BTC reserve today. The passage of the bill will ensure that reserves and stockpiles cannot be eliminated by executive order of future presidents.
The bill needs 60 votes in the Senate and a majority in the House of Representatives to become law.
The executive order signed by Trump provides for the creation of a Bitcoin reserve within the Treasury Department for approximately 200,000 Bitcoin owned by the U.S. government.
The executive order also authorizes the Departments of Treasury and Commerce to develop a budget strategy to purchase more Bitcoin for the reserve without imposing additional costs on taxpayers, and prohibits the sale of any Bitcoin in the reserve.