Bitcoin Reserve Bill Scheduled for Committee Vote This Week

The Strategic Bitcoin Reserve is set to go before the U.S. House Financial Services Committee for a vote on Wednesday.

H.R. 8957, the bill that would codify the reserve into law, has several key requirements: putting the reserve under the Treasury, mandating that $Bitcoin (BTC.CC)$ be held for at least 20 years, and establishing quarterly proof-of-reserve reporting and audits.

This is just an early step in the process - the bill would still need approval from the full House and Senate before it can become law.