House Committee Set to Vote on Strategic Bitcoin Reserve Bill

The U.S. House Financial Services Committee is set to consider legislation that would establish a Strategic Bitcoin Reserve and require government-held Bitcoin to remain in the reserve for at least 20 years.

The bill, which has been referred to as H.R. 8957, would also create a separate stockpile for non-Bitcoin digital assets held by the federal government.

Treasury Secretary would be required to establish an ongoing proof-of-reserve system using public cryptographic attestations, with quarterly reports disclosing total holdings and transactions while demonstrating control of private keys tied to the reserve.