Congressman and vice -chairman of the Tom Emmer subcommittee of the digital assets believes that the reserve plan of Strategic Bitcoin (BTC) to acquire 1 million BTC before the end of this congress will be established.
While he participated in the digital asset summit, he acknowledged the multiple accounts to implement Bitcoin reserves at state level. According to data from the Bitcoin laws, 23 US states have legislation that propose Bitcoin reserves.
Bucket said:
“So yes, there is legislation. And I believe that before this congress has been done, that will be determined.”
He also shared that the subcommittee of the digital assets is deeply interested in Stablecoins, because they represent an “improved form of currency” and expand access to the US dollar.
1M BTC in 5 years
With regard to the Bitcoin -Reserve, bucket referred to the recently re -introduced Bitcoin Act, written by Senator Cynthia Lummis and co -sponsored by five Republican senators.
The US government authorizes legislation to add up to 1 million BTC to its treasury for five years, funded by the net income and adjustments to the Federal Reserve to Treasury certificates based on the Golden Interests of the Fed.
The amount acquired would then be held for at least 20 years, managed by the Treasury Department. The bill makes it possible to repel, although it happens that every Minister of Finance will reduce more than 10% of the reserve within a period of two years.
President Donald Trump’s Bitcoin reserve plans were introduced in one Executive Order signed on March 7 and are separate from the legislative legislative efforts.
The executive order focuses on maintaining Bitcoin confiscated by American authorities as a long -term storage of value and does not set any time schedules for acquiring or keeping BTC. Estimations suggest that the US currently has almost 200,000 BTC.
Moreover, it requires that every Bitcoin purchase should take place through budget-neutral strategies conceived by Finance Minister Scott Bessent and Secretary Howard Lutnick.
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Gino Matos
Gino Matos graduated from the law study and an experienced journalist with six years of experience in the crypto industry. His expertise focuses primarily on the Brazilian blockchain ecosystem and developments in Decentralized Finance (Defi).