US Congress Advances Bill for Treasury Study on Strategic Bitcoin Reserve

U.S. lawmakers, led by Representative David Joyce, have introduced a House appropriations bill requiring the Treasury Department to study the feasibility of establishing a Strategic Bitcoin Reserve and U.S. digital asset stockpile. The bill mandates a detailed Treasury report within 90 days covering custody architecture, cybersecurity measures, legal authority, accounting treatment, and interagency coordination for government-held digital assets. This legislation builds upon President Donald Trump's March executive order that proposed creating a Bitcoin reserve using confiscated crypto assets but lacked operational details. The bill also requires a classified report from the Treasury Secretary and NSA Director on safeguarding the nation's digital asset strategy. Experts suggest that establishing federal custody standards and frameworks through this bill could set important precedents for the broader crypto industry. The measure has passed the House Appropriations Committee and awaits consideration by the full House and Senate.