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Get ready for another Bitcoin policy update! Byron Donalds, a Florida gubernatorial hopeful and a known Bitcoin enthusiast, is making moves to solidify President Trump’s recent executive order about Bitcoin. According to a Bloomberg report on Friday, Donalds is planning to introduce legislation that would turn Trump’s Bitcoin reserve and digital asset strategy into law.

Why is this important? Well, this bill aims to make sure that a future president can’t just come in and easily undo this Bitcoin policy if they have different ideas about crypto. Donalds himself sees this as a way to stop what he calls the Democrats’ “war on crypto.”

Now, passing this law won’t be a walk in the park. It’s going to need a solid 60 votes in the Senate and a majority in the House. That’s a tough hurdle to jump, especially with potential filibusters in the way.

However, the crypto landscape in Washington is shifting. More and more Republicans and Democrats are warming up to crypto-related legislation. This growing bipartisan support means Donalds’ bill actually has a real shot at making it through.

Let’s rewind a bit to Trump’s executive order from earlier this month. It basically tells the Treasury and Commerce Departments to figure out “budget-neutral strategies” to get their hands on more Bitcoin – without costing taxpayers extra – and it puts a lock on selling any Bitcoin they reserve.

Beyond Bitcoin, the order also wants to create a stockpile of other digital assets. This would include what the Treasury already owns and any future crypto they get through things like seizing assets from criminals.

Donalds, who’s got his eye on the Florida governor’s mansion in next year’s election, is a big believer in crypto. He’s even said he wants to turn Florida into the world’s digital finance hub. Big ambitions!

In a recent chat with FOX Business, Donalds went further, suggesting Florida itself should have a Bitcoin reserve as part of its financial game plan. He makes the case that Bitcoin, just like gold, holds its value because it’s limited in supply and he expects it to go up in value over time.

In Donalds’ view, having a Bitcoin reserve would be smart protection against things like inflation and unpredictable moves by the Federal Reserve with our money.

Adding to this momentum, Senator Cynthia Lummis also just reintroduced legislation this week to create a Strategic Bitcoin Reserve. It’s all connected to Trump’s executive order and aimed at beefing up the US’s financial standing in the world.

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