Rep. Byron Donalds (R-FL) has introduced a bill to protect President Donald Trump’s executive order on Bitcoin. The bill aims to make the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile a permanent part of U.S. policy so no future President can reverse it.
The bill follows Trump’s executive order, signed on March 7, 2025, which created a national bitcoin reserve.
This reserve includes bitcoin owned by the U.S. government, mostly obtained through criminal or civil asset forfeiture cases. Trump’s order banned the government from selling its bitcoin and directed federal agencies to find “budget-neutral” ways to buy more.
Donalds, a Bitcoin supporter and Florida governor candidate, believes this bill is key to long-term stability for digital assets in the U.S. He says Democrats have been hostile to Bitcoin for years and now it’s time for Republicans to take a stand.
“For years, the Democrats waged war on crypto. Now is the time for Congressional Republicans to decisively end this war.”
The bill has a tough road ahead, needing 60 votes in the Senate and a majority in the House to pass. It might have a chance though, as support for Bitcoin keeps growing on both sides of the aisle.
Right now the U.S. government has around 200,000 bitcoin, worth over $16 billion. Trump’s administration expects that number to grow as more bitcoin is seized through cases.
The executive order also created a separate U.S. Digital Asset Stockpile which includes altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). The government will not actively buy more of these assets—it will only hold those obtained through forfeitures.
To ensure stability, Donalds’ bill proposes strict rules:
- The government can’t sell or trade its bitcoin for at least 20 years.
- A mandatory purchase plan would require the U.S. to acquire 200,000 bitcoin a year for the next 5 years bringing the total to 1 million bitcoin.
- The Exchange Stabilization Fund (ESF) could be used to manage the reserve linking bitcoin to national economic strategies.
Donalds compares bitcoin to gold saying it’s a “store of value” that could increase America’s economic position in the world.
Many lawmakers including Senators Cynthia Lummis and Bill Hagerty who are also pro Bitcoin, agree with this outlook.
Hagerty just introduced a stablecoin bill that passed out of a Senate committee with bipartisan support. The bill would regulate privately issued stablecoins to ensure they are backed by real U.S. dollars or equivalent assets.
Donalds’ bill is part of a bigger effort to make the U.S. a leader in the Bitcoin space. As he runs for governor of Florida he has promised to turn the state into a Bitcoin financial hub.
