Florida Congressman Advocates for Bitcoin in Government Reserves
Byron Donalds supports bitcoin adoption by governments while opposing a Fed digital currency.
Byron Donalds supports bitcoin adoption by governments while opposing a Fed digital currency. Bitcoin (BTC) is trading at ₹76,56,045 ($80,559.00), down 0.7% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Sat, 24 Oct 2026 01:00:02 UTC.
The call for government bitcoin reserves highlights growing institutional interest in crypto, while skepticism towards a Fed digital currency reflects ongoing debates about monetary policy and financial sovereignty.
- Donalds advocates for governments holding bitcoin as strategic reserves.
- He opposes a Fed-issued digital currency.
- Views federal agencies as struggling to regulate fast-evolving crypto markets.
- BTC price remains stable near $81K amid neutral market sentiment.
In an interview with 
Bitcoin.com News, Florida Congressman Byron Donalds discussed his views on cryptocurrency and monetary policy. Donalds advocated for governments to hold bitcoin as part of their strategic reserves, highlighting its potential as a store of value.
The congressman also expressed opposition to the development of a digital currency by the Federal Reserve, suggesting it could pose risks to financial sovereignty. This stance reflects ongoing debates about the role of central bank digital currencies in the evolving financial landscape.
Donalds further criticized federal agencies for their ability to regulate cryptocurrency markets, arguing that their pace of regulation is insufficient to keep up with the rapid innovations in the sector. This perspective underscores the challenges regulators face in overseeing the fast-evolving crypto space.
The interview comes amid a period of relative stability in the cryptocurrency market. Bitcoin's price remains near $81,000, with a 24-hour change of -0.22% and a 7-day change of -0.74%. The overall market cap stands at $2.78 trillion, with a Fear & Greed index of 51, indicating a neutral market sentiment.
The development is significant as it reflects growing interest in bitcoin from political figures and potential shifts in how governments view cryptocurrency. Observers should watch for further statements from Donalds and other policymakers on crypto regulation and adoption.
Since this brief published about 59 minutes ago, Bitcoin (BTC) has moved from ₹77,07,364.46$81,099.00 to ₹76,56,044.76$80,559.00 — -0.67%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.20M (about $80,559.00), down 1.0% over 24 hours. The rupee itself trades about 7.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Florida Congressman Advocates for Bitcoin in Government Rese — questions & answers
What did Byron Donalds say about bitcoin?
Donalds supports governments holding bitcoin as strategic reserves and opposes a Fed digital currency.
Why does Donalds oppose a Fed digital currency?
He believes it could threaten financial sovereignty and questions federal agencies' ability to regulate crypto markets.
How does Donalds view crypto regulation?
He thinks federal agencies are too slow in regulating the rapidly evolving crypto sector.
How much is 1 Bitcoin worth in rupee today?
About ₹8.20M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,559.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.67% since this brief first published — trading at ₹76,56,045 ($80,559.00) now versus ₹77,07,364 ($81,099.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.