- Congress introduces new bill requiring the Treasury to study crypto-related matters.
- These include to study ‘Strategic Bitcoin Reserve’ and ‘U.S. Digital Asset Stockpile’.
- It also including feasibility assessment and custody framework for federal digital assets.
President Trump’s dedication to making America the top global crypto hub shows no signs of slowing down as Congress introduces new bill requiring the Treasury to study crucial digital asset-related matters. These include having to study establishing a ‘Strategic Bitcoin Reserve’ and ‘U.S. Digital Asset Stockpile’, including feasibility assessment and custody framework for federal digital assets.
Congress Introduces New Bill Requiring Treasury to Study
Ever since Trump took office, his administration has been meeting every promise made to the crypto community. To start off, Trump, during his presidential campaign, made a bold statement at a Bitcoin conference stating that upon his win, his first move would be to fire Gary Gensler, a promise which was met immediately. As soon as Trump took office, Gensler was replaced by a pro-crypto SEC Chair.
Since then, most SEC cases against promising crypto projects have been dropped or concluded in favor of the crypto project. Meanwhile, Trump has also been delivering on several other crypto-related promises, the most important being signing off on an official Bitcoin Strategic Reserve and a US digital asset stockpile. Both of these crypto-centric objectives are already underway.
In fact, most recently, an official report was released so as to alert American citizens of what the reserve and stockpile aims to accomplish, alongside other information such as what assets are being held and how much of each asset does the government plan to hold. This report reveals all this sensitive information and more, Despite all this progress, the US has yet to tart actively accumulating crypto assets.
As we can see front he post above, Trump and his administration and taking crypto matters very seriously with Congress have just introduced a new bill requiring the Treasury to study establishing a ‘Strategic Bitcoin Reserve’ and ‘U.S. Digital Asset Stockpile’, including feasibility assessment and custody framework for federal digital assets. Responses to the post show enthusiasm from the community.
These Include Crucial Digital Asset-Related MattersWith Congress introducing the bill directing the Treasury to outline a plan to custody Bitcoin acquired by the Federal government, including BTC held in the Strategic Bitcoin Reserve, responses see Congress floating a Strategic Bitcoin Reserve as no small signal. If the U.S. treats BTC like oil or gold, it cements Bitcoin as a national security asset, taking BTC from being seen as a speculative tool to a sovereign reserve, marking a highly bullish move for the future of Bitcoin (BTC) and crypto.
