Internet reports that U.S. Rep. Byron Donalds plans to submit draft legislation to formalize the executive order signed by the Trump administration this month, which aims to establish a strategic bitcoin reserve and a U.S. digital asset reserve. If passed, the bill will ensure that the policy will not be revoked by a future president's executive order. Trump's executive order requires the Treasury to establish a Bitcoin reserve to hold approximately 200,000 bitcoins, and authorizes the Treasury and Commerce Departments to develop a "budget neutrality" strategy to purchase more bitcoins, while prohibiting the sale of bitcoins in the reserve. In addition, the executive order establishes the Department of Finance's digital asset reserve to store existing and future digital assets acquired through criminal or civil asset forfeiture.