This was exciting momentum in DC. Bipartisan support for codifying a strategic bitcoin reserve would help make permanent bitcoin’s current political tailwinds. A strategic Bitcoin reserve sounds wild until you remember the federal government already owns a massive pile of stolen bitcoin and has no coherent strategy for it.
The important move is codification. Executive orders are politicized press releases with legal stationery. Quickly reversed when the DC elite change their masks from Red to Blue, all while continuing to tax and inflate the currency until the middle class no longer exists. A statute creates durability that survives the swinging of the political pendulum. It also forces Congress to say out loud whether bitcoin belongs in the same strategic reserve conversation as gold.