Recent reports have revealed that another member of the US House of Representatives will submit a new bill on March 14 to record the executive order of US President Donald Trump for the Bitcoin Strategic Reserve (SBR). This step follows the recent efforts made by many American legislators to make the official character of Trump's encryption and Trump's protection plan.
A new draft law proposes to protect the Bitcoin Reserve
Friday, Bloomberg I mentioned The American actor Beron Donalds will submit a bill to record the executive order of President Trump to create a national bitcoin reserve (BTC). According to the proposed legislation, the proposed legislation is to give the official character to the Trump plan and protect the strategic reserves from the possible opposite departments in the industry in the future.
According to the report, the draft law “will ensure that the reserves and stocks are not canceled by taking executive measures from a future president.” The US President signed an executive order on March 6 to create a BTC strategic reserve and “Digital Asset Stock” within the US Treasury.
The matter indicates that these initiatives will be funded by Crypto, which has been seized from the procedures for criminal and civil civil confiscation, including the 200,000 BTC and other digital assets owned by the Treasury.
In a statement to Bloomberg, Donalds confirmed that “the Democrats made a war” on the encryption industry and that “it is the time for Congress Republicans to end decisively.” The legislation requires at least 60 votes in the US Senate and the majority of the House of Representatives.
The US representative's move is the latest in recent efforts from various legislators in the United States to give Bitcoin's recognition as strategic origin at government levels and national level under the new encoding new administration, including Senator Senate Lomes's actions to record the last executive order of President Trump.
On Tuesday, US Senator Lomes re -submitted her reserve bill, which was initially submitted last July, in the Senate to implement the BTC purchase program. As Bitcoinist stated, the draft law is sponsored by participation by the Republican Senate Jim Al -Adl, Marsha Blackburn, Bernie Moreno, Roger Marshall and Tommy Tobreville.
The Innovation, Technology, and Competitive Performance Law through the optimal investment at the national level (Bitcoin), or the S954 draft law, aims to “ensure the transparent management of bitcoin holdings in the federal government, to compensate for costs using certain resources for the Federal Reserve, and for other purposes.”
The American Senator highlighted “prominent legislation that will highlight President Trump's bold vision to create the strategic bitcoin reserves for the United States and enhance our nation's nation for future generations.”
The legislators were divided into the Trump Reserve for encryption
Meanwhile, American actor Nick Begin also presented the “Bitcoin Law in 2025”, a draft law accompanying Senator Lomes legislation to the US House of Representatives on Tuesday. The legislation, sponsored by six Republican representatives, is designed to ensure that the United States gets its financial independence and maintains its leadership in the global digital economy. “
Bish Assure The need for the United States to create an official bitcoin reserves, such as its gold reserves, as “America cannot fail this financial revolution.”
However, recent reports revealed that other members of Congress oppose President Trump's encryption. Democratic actor Jerry Conoli recently wrote a letter to Treasury Secretary, Scott Payette, where he pushed to give up strategic reserve plans.
Congress member Vision“Such a reserve does not provide any clear benefit to the American people, but it will greatly enrich the president and donors. It will also constitute an improper financial policy by choosing the winners between currencies via social media and wasting taxpayers dollars.”
The message also asks about documents and communications on reserves, as it requires “a detailed list of guarantees to protect from government officials who benefit financially from strategic encrypted currency reserves.”
Bitcoin trades at $83,366 in the one-week chart. Source: BTCUSDT on TradingView
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