US Lawmakers Form Bitcoin Reserve Task Force

US lawmakers have formed a working group to draft regulations for digital assets and stablecoins, with the Trump administration evaluating a national Bitcoin reserve. The working group, which includes representatives from key government agencies, will submit regulatory recommendations and potential legislative proposals within six months.

The formation of the working group comes as the Trump administration intensifies its focus on digital assets. One of the key initiatives under consideration is the creation of a national Bitcoin reserve. Although the proposal is in its early stages, it reflects the administration's strategic interest in positioning Bitcoin as part of the national economic landscape.

Lawmakers have been working to regulate stablecoins and digital assets for years, with recent momentum building in the Senate. Senator Bill Hagerty introduced a bill to establish a clear regulatory framework for stablecoins, including guidelines on whether issuers will be overseen by federal or state authorities. The House's forthcoming stablecoin legislation is expected to closely mirror the Senate's approach, signaling a path toward bipartisan cooperation.

The working group, which includes representatives from the Treasury Department, Justice Department, SEC, and CFTC, will submit regulatory recommendations and potential legislative proposals within six months. This collaborative effort aims to create a comprehensive regulatory framework for digital assets and stablecoins, fostering innovation while ensuring investor protection.