The Federal Reserve is currently legally restricted from adding Bitcoin to its balance sheet. According to the Federal Reserve Act, the assets of the Federal Reserve are primarily limited to government bonds and other specific financial instruments. To enable the Federal Reserve to hold Bitcoin, existing laws need to be amended. The President's Authority: The President of the United States does not have the authority to independently amend laws. However, the President can promote legal amendments through the following means: 1. Propose legislative proposals: The President may propose new legislative proposals to Congress, advocating for amendments to existing laws. 2. Lobbying Congress: The President can use his political influence to persuade members of Congress to support specific legislative changes. Steps for Legal Amendment: To amend the Federal Reserve Act, the following legislative procedures are required: 1. Bill drafting: Members of Congress, the President, or other stakeholders draft an amendment or new bill. 2. Submission to Congress: The bill is formally submitted by members of Congress to the House of Representatives or the Senate. 3. Committee review: The bill is sent to relevant congressional committees for research, hearing, and revision. 4. Full House Voting: The bill approved by the committee is submitted to all members for debate and voting. 5. Deliberation in the other chamber: If the bill is passed in one chamber, it will be sent to the other chamber to repeat the above process. 6. Presidential Signature: A bill passed by both houses is submitted to the President for signature into law. 7. Legal Effectiveness: The new law shall come into effect on the prescribed effective date. Required time: The duration of the legislative process varies from several months to several years, depending on the complexity of the bill, the political environment, and the level of support and opposition from all parties involved. Some emergency bills may accelerate their passage, while other controversial bills may go through lengthy debates and revision processes. Therefore, although the President can advocate and promote amendments to the Federal Reserve Act, it ultimately requires a complete legislative process and approval from Congress and the President.