In March last year, President Donald Trump signed an executive order concerning Bitcoin reserves, marking a new chapter in the treatment of digital assets in the country. Now, Congress has introduced a bill requiring the Treasury Department to develop a management plan for these reserves.
Trump's Executive Order
Upon taking office, President Donald Trump signed an executive order related to Bitcoin reserves. This event paved the way for further research and legislative initiatives regarding cryptocurrencies.
Details of Bill HR 5166
Bill HR 5166, introduced in the House of Representatives, mandates the Treasury Department to prepare a plan for the storage of strategic Bitcoin reserves. If the bill becomes law, the Department will be required to present a report on how these reserves will be safely stored.
Expert Opinions on the Bill
Experts view this bill as a significant step towards officially recognizing Bitcoin and other digital assets as national strategic resources. It may also establish necessary regulatory frameworks for their management.
Thus, the current legislative initiative in the US underscores the growing acknowledgment of Bitcoin as a critical element of national financial strategy and the push for formalizing its status within the national economy.
