US House Committee Advances Strategic Bitcoin Reserve Legislation
- 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 create 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 the proposed legislation, Bitcoin must be held for a minimum of twenty years and requires full accounting by federal agencies.
- The bill also affirms private ownership rights over Bitcoin and mandates quarterly “proof of reserve” reports.
This legislative move is seen as an effort to enhance cybersecurity measures and ensure transparency in federal digital asset holdings, addressing concerns raised by lawmakers about fragmented custody practices.
With the approval from the committee, this bill could significantly impact how Bitcoin is managed at the federal level if it passes through both houses of Congress and reaches the President’s desk.
