NewsletterBreaking: Rep. Burchett Introduces House Bill to Turn Trump’s Strategic Bitcoin Reserve into Law
Highlights
- Tim Burchett has presented H.R. 3798, which looks to create a Bitcoin reserve for the US
- The committee overseeing the bill will look over it now, as required by Executive Order 14233.
- If the legislation is passed, America’s approach to digital currencies could be improved and the economy could benefit.
On June 6, 2025, a bill called H.R. 3798 (Trump’s Strategic Bitcoin Reserve) was submitted to the U.S. House of Representatives. The bill introduced by Rep. Tim Burchett is designed to convert an executive order issued before into actual law.
US is Moving Closer To Having a Bitcoin Reserve
The order is called Executive Order 14233, and it is designed to form a strategic Bitcoin reserve. As a result, it would cause the United States to start accumulating stockpiles of the leading digital currency.
Currently, Financial Services Committee in the House is the authority that will review the bill. On X, Pete Rizzo, with username the Bitcoin Historian, shared the information about the update.
This move shows that lawmakers are becoming more interested in cryptocurrencies. This aligns with positive developments like Coinbase slashing account freezes by 82%, as noted by Brian Armstrong
As Bitcoin’s price has gone up, a few people consider it to be a good way to protect the economy.
Before the bill can go to the President, it has to get approved by both the House and the Senate. But, by making it a law, it could bring significant changes to the way Americans deal with digital money.
Congress To Closely Examine Bitcoin Bill
After a study by the committee, the lawmakers will determine the next steps to follow. Its supporters say that it would help the nation’s financial outlook in the future.
There are also concerns about a Bitcoin reserve, with the argument that its price is so unpredictable. Details about how the bill will be put into effect will become available as it passes through Congress.
If this Bitcoin reserve proposal becomes law, it could mean big progress for the US economy and crypto industry. Meanwhile, an analyst suggests Bitcoin and Ethereum ETFs may not see enough retail demand despite the UK lifting its ban
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