Order

United

Bitcoin

Crypto Czar

Resistance

<ul>
 <li aria-level="1">Senator Lummis predicts pro-crypto policies in 2025, including a strategic Bitcoin reserve to stabilize fiscal policy.</li>
 <li aria-level="1">David Sacks is expected to lead as Crypto Czar, pushing regulatory clarity and adoption of digital assets in the U.S.</li>
</ul>
U.S. Senator Cynthia Lummis has expressed confidence that 2025 could mark a turning point for Bitcoin and the broader digital asset market. Her comments highlight an expected shift in regulatory approach, particularly under the anticipated leadership of David Sacks, who is projected to take on the role of Crypto Czar in the next administration.&nbsp;
A key proposal under discussion is the establishment of a strategic Bitcoin reserve. Draft versions of a proposed Executive Order suggest formal integration of Bitcoin into U.S. fiscal strategy. The reserve would position Bitcoin as a state-backed asset to support economic stability and financial policy.&nbsp;
Senator <a href="https://www.ethnews.com/crypto-champion-senator-lummis-battles-overreach-heres-the-scoop/" rel="noopener noreferrer nofollow">Lummis has long advocated</a> for clear regulatory frameworks around cryptocurrencies, emphasizing their role in modernizing financial infrastructure. The involvement of David Sacks, a prominent figure in technology and finance, reinforces expectations for policies that favor digital asset adoption.&nbsp;
Such regulations could provide businesses and investors with the certainty required to accelerate institutional participation in Bitcoin and other cryptocurrencies.
<h2 id="b-u-s-strategic-bitcoin-reserve-proposal-gains-momentum-b">U.S. Strategic Bitcoin Reserve Proposal Gains Momentum</h2>
Dennis Porter has announced the drafting of an Executive Order (EO) proposing the creation of a <a href="https://www.ethnews.com/michael-saylor-advocates-for-u-s-to-acquire-25-of-bitcoin-shifting-national-reserve-strategy/" rel="noopener noreferrer nofollow">Strategic Bitcoin Reserve</a>. The proposal seeks to classify Bitcoin as a strategic asset within the U.S. Exchange Stabilization Fund (ESF), similar to how gold and foreign currencies are treated. 
The initiative aims to integrate Bitcoin into the nation’s financial reserves, recognizing its potential as a store of value and a hedge against economic volatility.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 MASSIVE BREAKING: I can confirm that my team has finalized a model EXECUTIVE ORDER for the president of the United States to establish a ‘Strategic Bitcoin Reserve’ <a href="https://t.co/rz3issLf2H" rel="noopener noreferrer nofollow">pic.twitter.com/rz3issLf2H</a>
 — Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1869106847153889413?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 17, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&nbsp;
The Executive Order outlines the legal and operational framework required to establish this reserve. It mandates the U.S. Treasury to develop secure custody solutions for Bitcoin, ensuring safe storage and management of the asset.&nbsp;
Additionally, the plan calls for transferring Bitcoin currently held by the U.S. Marshals Service into the proposed reserve. To maintain transparency, the EO includes provisions for regular reporting to Congress, allowing for oversight and accountability.
The idea of a national <a href="https://www.ethnews.com/michael-saylor-advocates-for-u-s-to-replace-gold-with-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin reserve</a> has gained traction among policymakers, aligning with a growing narrative that positions Bitcoin as a hedge against monetary instability. Supporters argue that integrating Bitcoin into U.S. financial reserves could enhance the nation’s fiscal strategy and provide a safeguard in periods of economic volatility.

<div class="cryptoboxes" id="mcw-12344" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="BTC" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div>
The current price of Bitcoin (BTC) is approximately $106,019, reflecting a minor decrease of 0.16% in the last session. Bitcoin has experienced significant growth recently, hitting an all-time high close to $108,000, with a year-to-date increase of 151.25%. 
This momentum is partly driven by the approval of spot Bitcoin ETFs and major institutional acquisitions, such as MicroStrategy adding 15,350 BTC worth $1.5 billion to its holdings.
Bitcoin’s market capitalization stands at $2.10 trillion, with a daily trading volume of $66.88 billion, signaling robust market activity. Resistance lies near its all-time high, while support levels are observed around $100,000, critical for maintaining bullish sentiment.
The post <a href="https://www.ethnews.com/2025-bitcoin-legislation-what-the-u-s-plans-under-david-sacks-and-senator-lummis/" rel="noopener noreferrer nofollow">2025 Bitcoin Legislation: What the U.S. Plans Under David Sacks and Senator Lummis</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

2025 Bitcoin Legislation: What the U.S. Plans Under David Sacks and Senator Lummis

Table of Contents

ETHNews

Other articles published on Dec 18, 2024

Hedera Price Prediction: HBAR Pumps 4%, But Investors Rush To Buy This Crypto Wallet Token With 5...

New BNB Coin Trust Launches for Institutional Investment

Aave-Chan initiates proposal to deploy Aave v3 on Sonic

MicroStrategy holds 439,000 BTC worth $46 billion

Masa Secures New Funding From DCG to Expand Real-Time Data Network and Launch AI Agent Arena on B...

Everything You Need to Know About Copy AI

Join our free newsletter for daily crypto updates!