To give the force and effect of law to the Executive Order issued on March 6, 2025 entitled "Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile".
To give the force and effect of law to the Executive Order issued on March 6, 2025 entitled "Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile".
Plain Language Summary
# Summary of HR 2112 **What the Bill Would Do:** This bill would convert a presidential executive order into federal law. The executive order, issued on March 6, 2025, would establish a "Strategic Bitcoin Reserve" and a "United States Digital Asset Stockpile"—essentially creating an official government program to acquire and hold bitcoin and other digital cryptocurrencies, similar to how the government maintains a strategic oil reserve. **Who It Affects:** The bill would affect the federal government's finances and budget priorities, as it would direct funds toward purchasing and storing cryptocurrencies. It could also indirectly impact cryptocurrency markets and investors, as U.S.
government purchases would be a significant market force. Taxpayers would ultimately fund this program through government spending. **Current Status:** The bill was introduced by Representative Byron Donalds (R-FL) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. The bill has no co-sponsors listed yet, and it remains in the early stages of the legislative process.
Latest Action
Referred to the House Committee on Financial Services.