On March 14, a US House of Representatives member will present legislation designed to implement President Donald Trump’s executive order on creating the Strategic Bitcoin Reserve (SBR). This effort forms part of ongoing legislative initiatives designed to defend Trump’s cryptocurrency strategy and strengthen it further.
Legislation to Shield the Proposed Bitcoin Reserve
On Friday, it was reported that US Representative Byron Donalds is planning to introduce legislation that would legitimize President Trump’s executive directive to establish a national Bitcoin reserve. This proposed law seeks to cement Trump’s initiative into law and safeguard it against future administrations that may seek to dismantle it through executive actions of their successor presidents. The bill’s objective is to prevent future presidents from dismantling it through executive orders. On March 6, President Trump signed an executive order creating a strategic Bitcoin Reserve and Digital Asset Stockpile at the US Department of the Treasury. According to this directive, funding for these ventures will come from confiscated cryptocurrencies in criminal and civil forfeiture actions by government – with over 200,000 BTC already held by Treasury Department.
Donalds was critical of Democrats for their approach towards the crypto industry and stated it was time for Republican members of Congress to put an end to it – through passage of legislation with at least 60 Senate votes and majority support in both houses of congress.
This initiative by US Representative Mike Thompson represents a continuation of multiple American lawmakers’ attempts to recognize Bitcoin as a strategic asset on both state and national levels under an administration that is more accepting of cryptocurrency – such as Senator Cynthia Lummis’ quest to codify President Trump’s executive order on Bitcoin.
Senator Lummis recently introduced her reserve bill into the Senate with the aim of initiating a BTC purchasing program. Her bill, known as the BITCOIN Act, seeks to ensure US federal government handles bitcoin holdings transparently among other objectives; Senator Lummis hails it as landmark legislation which will fulfil President Donald Trump’s ambitious plans for creating the United States Strategic Bitcoin Reserve and strengthen the nation’s economic foundation for future generations.
Division Among Lawmakers Regarding Trump’s Crypto Reserve Proposal
Rep. Nick Begich introduced to the US House the “Bitcoin Act of 2025,” as an equivalent bill to Senator Lummis’ legislation. Co-sponsored by six Republican Representatives, this bill seeks to protect America’s financial sovereignty while upholding leadership in global digital economies. Begich stressed the significance of creating an official Bitcoin reserve analogous to our nation’s gold reserves; adding that America cannot afford to fall behind in financial revolution.
But not all members of Congress support President Donald Trump’s cryptocurrency initiative. Democratic Representative Gerry Connolly recently called upon Treasury Secretary to reconsider strategic reserve plans that benefit not just Americans but could potentially also profit the President and his supporters significantly. Connolly raised concerns over favoring certain currencies as waste of taxpayer money and fiscal prudence issues related to cryptocurrency mining operations.
