Rep. Byron Donalds plans to introduce a new bill to protect the national Bitcoin reserve

U.S. Representative Byron Donalds plans to introduce a new bill on Friday to protect the national Bitcoin reserve and digital asset stockpile.

U.S. Representative Byron Donalds plans to introduce a new bill on Friday that aims to protect the national Bitcoin reserve and digital asset stockpile, according to Bloomberg. The report notes that this bill would permanently maintain Trump administration policies regarding cryptocurrencies.

The bill, which is set to be presented this Friday, aims to make President Trump’s executive order, which created the U.S. Crypto Strategic Reserve, permanent through legislation. This strategic reserve, which includes Bitcoin and XRP, along with Solana (SOL) and Cardano (ADA), was announced last month by the Trump administration. The announcement had a major impact on the cryptocurrency market, introducing significant operational changes.

The current bill from Donalds focuses on establishing Trump’s policy through a more formal process. The bill mandates that the U.S. Treasury Department establish and maintain Bitcoin reserves to be held by the department. At present, the federal government manages approximately 200,000 Bitcoin, and officials anticipate that its value will continue to rise. This strategy allows the government to potentially increase its resources autonomously using non-taxpayer funds.

The actions of Trump, in particular his executive order and the formation of the strategic reserve, have brought about more productive relations between crypto leaders and government officials. The main crypto executives met with President Trump and senior White House officials last week to discuss further cooperation. This recent meeting indicates that the digital asset industry is gaining increased administrative engagement.

The bill presented by Donalds seeks to establish permanent national Bitcoin reservation policies, which represents a significant step toward this goal. This initiative also serves to prevent a later administration from undoing the Trump policy, which would have significant implications for the cryptocurrency industry. The rise of cryptocurrencies demonstrates their expanding role in shaping U.S. financial policy standards, which is a point of focus for many observers who will follow the congressional decision regarding this bill.