It supports Trump’s 2025 executive order. It requires the Treasury and Commerce Departments to develop budget-neutral strategies for acquiring BTC. At the same time, Treasury will need to maintain secure custody of the coins. Nicholas Begich, who introduced the bill, said that storing cryptocurrency in a fragmented way creates cybersecurity risks. In addition, under the proposal, BTC in the reserve must be held for at least 20 years. The United States is the leader among countries in BTC holdings — 328.4 thousand BTC ($25.3 billion), or 1.6% of the coin’s supply.
At the same time, the bill also affirms the right to private ownership and self-custody of BTC. The proposal will now move forward in the House of Representatives. A presidential executive order can be revoked by the next president. By contrast, laws passed by Congress have greater legal force.