Bitcoin: Congress Controls Trump’s US Reserve Plan
Forfeitures, civil penalties, and gifts can grow federal crypto holdings, but only Congress can authorize scheduled multibillion-dollar open-market purchases.
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Forfeitures, civil penalties, and gifts can grow federal crypto holdings, but only Congress can authorize scheduled multibillion-dollar open-market purchases.
The bill moves crypto from a grey zone into a defined legal category, letting banks, exchanges, and miners operate under explicit rules rather than enforcement-by-edict.
If signed by Putin, the framework brings crypto into Russia's formal legal perimeter from September 1, formalising mining, taxation, and cross-border use after years of ad-hoc policy.
Tether is already the de facto dollar proxy in a country starved of hard currency. Formal state recognition would lock that position in, and copy the Argentina playbook one border north.
The pitch is geopolitical, not financial: framing US crypto leadership as a sovereignty race against China and other rivals hands the White House a cover story for sustained pro-industry policy.
The reserve is real policy now, but the mechanics of accumulation, custody, and congressional buy-in still shape how big a balance-sheet item it becomes.
The plan to vault US Bitcoin at the Treasury is on hold while the Justice Department's Office of Legal Counsel decides who actually has the statutory right to hold and manage sovereign BTC.
The language matters: "structure" signals the executive branch is now framing the reserve as operational policy rather than a one-off legislative proposal, putting a Treasury-built crypto stockpile…
The president framed the industry as strategic on the world stage, the strongest pro-crypto signal from the White House yet and a marker of how far the policy stance has shifted in 12 months.
The president stopped short of a policy commitment, but the framing matters: a federal vehicle that funnels capital into BTC would be a structural bid no prior administration has flirted with.
A sitting VP revealing a direct BTC position is a first for the role, and the disclosure lands as Washington softens its posture on Bitcoin and stablecoin legislation.
A 17-month IMF deal required Bukele to stop net BTC accumulation, and the country's public wallets suggest it did, despite the daily-buying optics.
The program replaces SWIFT and bank-backed claims processing in a single move — a sovereign settlement rail whose $10B revenue target and sanctions-evasion design put it in a categorically different…