House Bill To build Trump’s Bitcoin Reserve has one big difference

Rep. Byron Donalds (R-FL) legislation in the House of Representatives who would be suggested in the rights of President Donald Trump’s strategic Bitcoin reserve, but the bill is crucial other than the legislation that was introduced in the Senate earlier this week.

In contrast to the Bitcoin Act Put forward on Tuesday by Senator Cynthia Lummis (R-WY), who would allow the US government to buy around $ 80 billion BitcoinDonalds’ Reserve and Stockpile Act does not call for the purchase of a predetermined sum of BTC.

Instead, the proposed legislation of Donalds, which is hardly more than one page In length, only codifying in the federal law of Trump’s recently executive order This called for creating a Bitcoin strategic reserve and individual digital assets stock.

“For years, the Democrats waged Crypto,” Donalds said in a statement shared with Decrypt. “This is the time for congress republicans to decisively terminate this war.”

Donalds also repeated the language in the executive order of Trump, which stipulates that both the Bitcoin Reserve and Digital Asset Stockpile are sown with funds confiscated in criminal or civil assets procedures. His account would also be the US treasury secretary and commerce secretary to add more bitcoin to a federal reserve if such acquisitions were “budget neutral”, according to the statement, although the bill does not contain such a provision.

In recent days, White House officials have used similar language To color possible purchases from Bitcoin by the federal government, which is estimated to almost almost have 200,000 BTC of civil and criminal forfeiture.

It is disputable whether the ambitious Bitcoin Act of Sen Lummis Budget is neutral. The bill would, if signed, see the US government who buy dozens of billions of dollars from BTC, mainly by force the Federal Reserve to re-evaluate its Gold certificates from the Nixon era at the current prices and to use the yield of that mark-up to buy more of the TopCryptocurrency in the world.

Earlier this week on a round table with a closed door, As a decode Previously reported, the executive director of the presidential working group for digital assets, Bo Hines, told Crypto leaders De Trump government wants to acquire as much bitcoin as possible. During the same meeting, Hines Senator Lummis said that the White House is planning to support legislation that puts a strategic Bitcoin reserve in law and will put pressure to ensure that it takes on the congress, according to those present.

While several attendees from the round table told Decrypt They have taken over that message to mean the White House Decrypt On Thursday, Hines did not endeavor any specific piece of legislation during the event.

The bill suggested Friday by Donalds – a bright loyal Trump alley– the White House can offer a less controversial way to codify its Bitcoin reserve in the law. It may not be possible to force the US government to buy dozens of billions of dollars from BTC, but given the current state of discourse over Government spendingThat simplicity can make the legislation more attractive.