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U.S. Lawmakers Unveil Bitcoin Reserve Plan in Historic Crypto Framework

Coin WorldTuesday, Feb 4, 2025 6:27 pm ET

1min read

U.S. Lawmakers and Regulators Unveil Comprehensive Crypto Framework, Including Bitcoin Reserve Plan

The United States has taken a significant step towards embracing cryptocurrencies, with key lawmakers and regulators unveiling a comprehensive regulatory framework for digital assets. This move includes the establishment of a national Bitcoin reserve, marking a historic shift in U.S. financial policy.

In a joint press conference, members of the newly established bipartisan, bicameral group on cryptocurrency regulation, including the House Financial Services, House Agriculture, Senate Banking, and Senate Agriculture Committees, announced their collaboration with the SEC’s new Crypto Task Force. This effort signals a shift from aggressive enforcement to clear, enforceable guidelines for the crypto industry.

The framework prioritizes stablecoin legislation to reinforce the U.S. dollar’s dominance in global finance while driving demand for U.S. treasuries. It aims to provide clarity on digital assets to eliminate industry confusion, establish pathways for compliant coin and token offerings, and regulate crypto-lending, staking, and custody solutions for investment firms. Additionally, the framework seeks to expand access to crypto exchange-traded products with strong investor protections and create a cross-border sandbox to foster responsible international blockchain collaboration.

This regulatory overhaul comes at a time when the U.S. is considering the inclusion of Bitcoin in a newly established sovereign wealth fund. The Trump administration is evaluating the possibility of incorporating Bitcoin as part of this initiative, which could represent a seismic transformation in U.S. financial policy. If Bitcoin is adopted as a reserve asset within the SWF, it would legitimize crypto at the highest level of governance.

The U.S. administration’s pro-crypto agenda, including the potential inclusion of Bitcoin in a new sovereign wealth fund, reflects a growing recognition of digital assets’ potential to enhance government revenue through strategic investments. This initiative could set a precedent for other nations contemplating similar strategies, as investment experts like James Butterfill believe that deploying a reserve of Bitcoin may not only evolve how the U.S. government interacts with digital currencies but may also enhance fiscal capabilities at a time when national debt looms large.

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, with White House Crypto and AI Czar David Sacks leading the internal working group. Although the proposal is in its early stages, it reflects the administration

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