So far from what I can read from that bill, it is treating it pretty much like gold. It stops the sales and auctions of Bitcoin, so all the Bitcoin that the Fed still holds can't be sold off. And it allows U.S. debt to be paid back in bitcoin if I understand the wording of the eo/ draft correctly.

Specifically, it says it authorizes the Secretary of Treasury to deal in instruments of credit and the Secretary is hereby directed in a matter consistent with obligations under the law to allocate no less than $21 billion from the ESF for the strategic procurement of Bitcoin for the inclusion of the SBR through purchase of debt obligations from suitable counterparties with repayment denominated in Bitcoin."

The other stuff seems pretty run of the mill, like establishing missed standards for custody and security.

I kind of take issue with it being treated specifically as digital gold and not necessarily as money. But so far there's nothing in the executive order that specifically says you cannot use it as money, so I'm starting to think that Ops Post is a little bit reactionary. And maybe my own as well, but I guess that depends on other laws and regulations that come as a result of the executive order.

Overall, I guess. As long as they can't actualy stop people from using Bitcoin how they choose, then I'm not sure if it really matters what the government does.