As promised on the campaign trail, the Bitcoin Reserve Act is essential under the Donald Trump administration.
Senator Cynthia Ramis has led other lawmakers to quickly pass the Bitcoin Act.
The US intends to establish a budget-neutral way to acquire more BTC.
Beau Hines, former White House crypto director who is now Tether's strategic advisor, said in an interview that he is confident that the US government will enact the Bitcoin Reserve Act by the end of 2025.
The young, skilled Crypto leader emphasized that President Donald Trump remains immobilized in welcoming innovation to the United States. According to Hines, David Sachs, Crypto Emperor of the White House and working closely with lawmakers led by Sen. Cynthia Ramis, has passed the Bitcoin Act by the end of 2025.
US Bitcoin Reserve Update
Earlier this month, U.S. Treasury Secretary Scott Bescent announced that the Trump administration is seeking a budget-neutral way to acquire more Bitcoin. Bessent has revealed that the US government owns between $15 billion and $20 billion in Bitcoin.
At the state level, several US states are making progress in implementing their respective strategic Bitcoin reserves. New Hampshire, for example, became the first state to approve the Treasury to invest up to 5% of Bitcoin's public funds. Several other states led by Texas are pushing to implement strategic Bitcoin reserves.
Other countries follow
Last week, Philippine lawmakers introduced a bill to establish a strategic Bitcoin Reserve. In particular, Philippine lawmakers plan to instruct the country's central bank to purchase 2K BTC per year for the next five years.
Meanwhile, several countries have already purchased Bitcoin, including El Salvador, Bhutan and Ukraine. The imminent US adoption of Bitcoin will affect other countries and follow suites.
