With Donald Trump’s anticipated return to the White House, the crypto sector may see a major transformation, particularly with the potential adoption of the Bitcoin Act.

CoinShares’ head of research, James Butterfill, highlights that the proposed act could position Bitcoin (BTC) as a U.S. strategic reserve asset, similar to gold. Should it pass, this development could place up to 5% of Bitcoin’s total supply in U.S. national reserves, establishing greater legitimacy for the asset.

The Bitcoin Act, formally titled the Boosting Innovation, Technology, and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, was introduced earlier this year by U.S. Senator Cynthia Lummis. The legislation aims to reduce the national debt by accumulating 1 million BTC over five years. This signals an aggressive approach to integrating Bitcoin into the nation’s financial framework.

Trump, who voiced support for a Bitcoin reserve during his campaign, could actively pursue this plan now that he is president.

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