Here is the English translation:
The US President Trump officially signed an
executive order last week, announcing the establishment of a US Bit strategic reserve and a digital asset reserve. While this demonstrates the US government's current recognition of Bit, it also comes with two major issues:
On the one hand, the Trump administration's establishment of the Bit reserve adopts a budget-neutral strategy, and in addition to using the Bit currently confiscated and forfeited by the government as reserves, there is no additional funding to purchase Bit; on the other hand, although Trump established the Bit reserve by signing an executive order, which can bypass potential opposition from Congress, his order may also be overturned and modified by the next administration, making its sustainability not stabilized through federal legislation.
Cynthia Lummis Announces Submission of New Version of Bit Bill
Regarding the second issue, Cynthia Lummis, a long-time supporter of the development of cryptocurrencies and the chair of the Senate Banking Digital Assets Subcommittee,
stated on the social platform X yesterday (11th) that she will resubmit a bill allowing the government to hold more than 1 million Bit as reserves.
The reintroduced
Promoting Innovation, Technology, and Competitiveness Act of 2025 opens the door for the US to acquire more than 1 million Bit, as long as these Bit are obtained through legal means other than direct purchase, such as civil or criminal forfeiture, donation to the US, or transfer from federal agencies.
At the same time, additional Bit can also come from the various states in the US, as these states voluntarily store their Bit holdings in the strategic Bit reserve, although they will be stored in a separate account.
In a statement posted by Cynthia Lummis, she said:
Today, I am honored to reintroduce landmark legislation that will enshrine President Trump's bold vision into law - the establishment of a US strategic Bit reserve, and strengthen our nation's economic foundation for generations to come.
Bit is not just a technological opportunity, but a national imperative for the US to maintain financial leadership in the 21st century. By transforming the President's visionary executive action into enduring law, we can ensure our country fully harnesses the full potential of digital innovation to address our national debt, while maintaining our competitive edge in the global economy.
We are not just adapting to the future - we are actively shaping it, writing a new chapter in America's proud history of financial innovation, and securing lasting prosperity for all our citizens.
Trump Orders the Establishment of a US Sovereign Wealth Fund
Additionally, it is worth mentioning that Trump also signed an executive order last week, directing the US Department of the Treasury and the Department of Commerce to establish a
sovereign wealth fund within the next 12 months. This move is seen by the crypto community as potentially being used to establish a Bit strategic reserve.
According to a
Reuters report, Michael Grimes, a well-known technology investment banker who previously worked at Morgan Stanley, left the bank last month to become a senior advisor to the US Department of Commerce, and is expected to lead this US sovereign wealth fund.
Additionally, according to informed sources, the fund's funding source will be the Bureau of Foreign Assets Control, which is responsible for managing the revenue generated from tariffs on imported foreign goods. If Trump's current tariff strategy remains unchanged, the fund is expected to generate hundreds of billions to over a trillion dollars in annual funding.
