A new House bill from Rep. Byron Donalds would establish President Trump's proposed Strategic Bitcoin Reserve, differing significantly from a Senate version by not mandating the purchase of a specific amount of Bitcoin. The bill, unlike a competing proposal by Sen. Cynthia Lummis, does not commit the U.S. government to acquire $80 billion worth of Bitcoin. Instead, it aims to codify Trump’s initiative to create a reserve funded through assets seized from legal proceedings. Donalds advocates for this legislation as part of a Republican strategy to end what he describes as a Democratic 'war on crypto.' The bill could simplify the process of setting up a federal Bitcoin reserve without the financial obligations of Lummis' proposal, which requires substantial government purchases of the cryptocurrency. This legislative effort reflects ongoing discussions within the Trump administration about acquiring Bitcoin, as officials explore various strategies to navigate the regulatory landscape.

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