Bitcoin Law 2025: What Plans Does the United States Have Under David Sacks and Senator Lummis?

US Senator Cynthia Lummis has expressed confidence that 2025 could mark a turning point for Bitcoin and the overall digital asset market. Her comments highlight the expected changes in management approach, particularly under the anticipated leadership of David Sacks, who is predicted to assume the role of Crypto Czar in the next administration. An important proposal being discussed is to establish a strategic Bitcoin reserve fund. The draft versions of the proposed executive orders suggest officially integrating Bitcoin into the financial strategy of the United States. The reserve fund will position Bitcoin as a state-backed asset to support economic stability and financial policy. Senator Lummis has long supported clear regulatory frameworks surrounding cryptocurrencies, emphasizing their role in modernizing financial infrastructure. The involvement of David Sacks, a prominent figure in technology and finance, reinforces expectations for policies supporting the adoption of digital assets. Such regulations can provide businesses and investors with the necessary certainty to promote the participation of organizations in Bitcoin and other cryptocurrencies. The proposal for the US strategic Bitcoin reserve fund is gaining momentum. Dennis Porter has announced the drafting of an Executive Order (EO) proposing the establishment of a strategic Bitcoin reserve fund. This proposal aims to classify Bitcoin as a strategic asset within the U.S. Securities Exchange Stabilization Fund (ESF), similar to how gold and foreign currencies are treated. This initiative seeks to integrate Bitcoin into the nation's financial reserves, recognizing its potential as a store of value and a hedge against economic volatility.

The executive order specifies the legal framework and necessary actions to establish this reserve fund. This order requires the US Treasury Department to develop secure custody solutions for Bitcoin, ensuring safe storage and asset management. In addition, the proposed plan calls for the transfer of Bitcoin currently held in reserve by the US Marshals Service. To maintain transparency, EO includes regular reporting requirements to Congress, allowing for oversight and accountability. The idea of a national Bitcoin reserve fund has attracted the attention of policymakers, fitting into a growing narrative that Bitcoin is a hedge against monetary instability. Supporters argue that integrating Bitcoin into the US financial reserve could enhance the country's financial strategy and provide a safeguard during times of economic turbulence. The current price of Bitcoin (BTC) is about 106,019 dollars, reflecting a slight decrease of 0.16% in recent trading sessions. Bitcoin has seen significant growth recently, reaching an all-time high of nearly 108,000 dollars, with a year-to-date increase of 151.25%. Part of the impetus is the approval of Bitcoin ETFs and the repurchases by large institutions, such as MicroStrategy, which added an additional 15,350 BTC worth $1.5 billion to its holdings. The market capitalization of Bitcoin reached $2.10 trillion, with a daily trading volume of $66.88 billion, signaling strong market activity. The resistance level is near an all-time high, while the support level is observed at around $100,000, which is crucial to maintain the bullish sentiment. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)