A new bill is set to be introduced in Congress to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, integrating Bitcoin into the nation’s financial strategy. Trump signed an executive order on March 7 to use Bitcoin seized in government criminal cases to establish a national reserve. The legislation, introduced by US Representative Byron Donalds, aims to make the Bitcoin reserve a permanent fixture, preventing future administrations from dismantling it through executive action. Donalds stated that it’s time for Congressional Republicans to decisively end the war on crypto. The bill requires at least 60 Senate votes and a House majority to pass. With Republicans holding a Senate majority, the bill has a chance of passing. At least 23 US states have introduced legislation supporting a Bitcoin reserve, reflecting growing state-level interest in integrating crypto into fiscal policy. The introduction of the bill marks a pivotal moment for the wider crypto industry, aiming to shield the reserve from future reversals. Anndy Lian, an intergovernmental blockchain expert, emphasized that the bill could reduce uncertainty in the crypto space and encourage a more cohesive regulatory approach. However, identifying funding mechanisms and custody solutions for the Bitcoin reserve poses a challenge for governmental entities. Donalds’ bill may provide clarity on the government’s future Bitcoin acquisition strategies, although the current plan does not involve government Bitcoin purchases. The order authorizes the US Treasury and Commerce secretaries to develop budget-neutral strategies to buy more Bitcoin for the reserve, with no additional costs to taxpayers.