House Committee Approves Strategic Bitcoin Reserve Legislation
- The U.S. House Financial Services Committee voted 28-21 to advance the American Reserve Modernization Act of 2026.
- The bill mandates that bitcoin in the strategic reserve must be held for a minimum of 20 years.
- A separate vault for digital assets obtained through criminal or civil forfeiture will be established within the U.S. Department of the Treasury.
- U.S. Representative Nick Begich introduced the legislation, citing cybersecurity risks in the current custody system for federal bitcoin holdings.
- The U.S. government currently controls approximately 324,527 BTC, valued at around $24.7 billion.
This legislative move aims to create a more secure and accountable framework for managing federal bitcoin assets and other digital currencies obtained through legal means.
With this bill, the U.S. seeks to formalize its approach to bitcoin reserves while addressing existing cybersecurity vulnerabilities in asset management systems.
