US House Financial Services Committee to Mark Up Strategic Bitcoin Reserve Bill
- The markup for the Strategic Bitcoin Reserve bill is scheduled for September 16 at 10:00 a.m. ET.
- Introduced on May 21, H.R. 8957 has garnered support from 23 cosponsors, including Reps. Nicholas Begich and Jared Golden.
- The bill mandates the creation of a Strategic Bitcoin Reserve by the Treasury within six months of enactment.
- A minimum holding period of twenty years for Bitcoin deposited into the reserve is proposed, prohibiting any sales or swaps during this time.
- Quarterly Proof of Reserve reports will be required, detailing holdings and transactions, verified by an independent auditor.
This markup follows Treasury Secretary Scott Bessent’s statement regarding ongoing efforts to establish a national Bitcoin reserve as part of economic security initiatives under the Trump administration.
The upcoming markup on September16 will address significant proposals including a mandatory twenty-year holding period for Bitcoin in the reserve.(Source)
