U.S. President Donald Trump has once again announced the creation of a strategic Bitcoin reserve and called on Congress to pass legislation to regulate stablecoins. In a video address at the Digital Asset Summit, Trump declared that the U.S. must become the "crypto capital of the world" and put an end to the war on crypto initiated by the previous administration.
His plan involves not only state-level Bitcoin acquisition, but also the development of clear rules for the digital asset industry.
Bitcoin as a Strategic Asset
On March 6, Trump signed an executive order establishing a strategic Bitcoin reserve as part of the United States' digital asset holdings.
The goal is not to sell during price dips, but to maximize long-term value. During his address, Trump criticized the Biden administration, alleging that it sold off crypto assets at undervalued prices, damaging investor confidence.
Currently, two bills are under discussion in Congress to implement the president's initiative:
- Senator Cynthia Lummis has proposed the BITCOIN Act, which would allow the U.S. government to invest up to $80 billion in Bitcoin.
- In the House of Representatives, Congressman Byron Donalds introduced legislation that would authorize the Treasury Department and Department of Commerce to purchase Bitcoin, provided it doesn't strain the federal budget.
Simple Rules for Stablecoins
Trump also emphasized the urgent need for stablecoin legislation, urging lawmakers to introduce “simple and sound” regulations for USD-pegged digital currencies.
According to Trump, dollar-based stablecoins could help stabilize the broader crypto market and strengthen the global dominance of the U.S. dollar.
The Government Is Accumulating Bitcoin
Bo Hines, Executive Director for Digital Assets in the Trump administration, confirmed the White House’s strategic direction. He called Bitcoin "digital gold" and stated that the government is aiming to "get as much Bitcoin as it can."
According to Crypto Rand, nearly 70% of BTC is currently held by private investors, underscoring the asset’s decentralized nature.
