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A House committee has moved forward with legislation that would anchor the United States government's bitcoin holdings in permanent federal law.
Codifying a plan, in plain terms, is the act of writing it into statute so that future Congresses, not future presidents, hold the power to undo it.
That is the core of what the bill would do to President Trump's strategic bitcoin reserve.
A strategic reserve is a pool of assets a government holds as a standing long-term position, not a trade to be reversed when prices move or administrations change.
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