US Lawmakers Advance Bill for Strategic Bitcoin Reserve
- The American Reserve Modernization Act of 2026 (H.R. 8957) passed the US House Committee on Financial Services with a vote of 28-21.
- The bill aims to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile within the Department of the Treasury.
- Currently, the US government holds approximately 324,527 Bitcoin, valued at $24.7 billion.
- Under this legislation, Bitcoin must be held for a minimum of 20 years.
- The bill includes transparency measures such as quarterly “proof of reserve” reports and third-party audits.
The legislation also emphasizes private ownership rights and self-custody of Bitcoin, asserting that control over private keys is vital for financial sovereignty and privacy.
With this committee approval, the bill moves closer to potentially becoming law, requiring further passage in both the House and Senate.(Source)
