US Lawmakers Advance Bill to Lock Trump’s Bitcoin Reserve into Law
US lawmakers have advanced a bill to solidify President Donald Trump's executive order creating a strategic Bitcoin reserve into law. The American Reserve Modernization Act of 2026 (H.R. 8957) passed the US House Committee on Financial Services in a 28-21 vote.
The bill would establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile within the Department of the Treasury for federally held Bitcoin and other digital assets acquired through criminal or civil forfeiture.
According to Representative Nicholas Begich, who introduced the bill on May 21, 'We cannot allow Bitcoin to be held by the federal government to languish in fragmented and inconsistent custody... It poses unacceptable cybersecurity risks and fails to give an adequate accounting of what the federal government actually owns.'
The US government is estimated to hold 324,527 Bitcoin, worth $24.7 billion at the time of writing, according to Arkham Intelligence.