U.S. lawmakers have submitted a bill directing the U.S. Department of the Treasury to review and report on the feasibility and technical considerations of the strategic Bitcoin reserve and U.S. digital asset reserve created by President Trump’s order.
The House appropriations bill was introduced by Congressman David P. Joyce last Friday and includes two parts, instructing the Treasury to submit a report within 90 days of the bill's enactment on the feasibility, custody, legal authorization, and cybersecurity measures of digital assets held by the federal government.
The bill also requires the agency to develop an interdepartmental transfer plan outlining how these assets will be reflected on the federal government's balance sheet, as well as all potential third-party contractors responsible for asset custody.
Additionally, the bill requires the Treasury to list any potential obstacles during the implementation process and assess the impact of the reserves on the Treasury's forfeiture funds.
In March, President Trump signed an executive order to establish a strategic Bitcoin reserve and digital asset reserve, which will use government-seized cryptocurrencies to create these two funds. U.S. Treasury Secretary Scott Bessent reiterated that the agency is also "exploring budget-neutral paths" to strengthen the Bitcoin reserve.
This new bill represents some progress in the U.S. creation of a Bitcoin reserve program. The bill will be reviewed by the full House, and if passed, will be submitted to the Senate.
Joyce expressed gratitude in a post on X on Thursday for the House Appropriations Committee advancing its comprehensive bill.
Joyce added, "This legislation ensures that the federal government is fiscally responsible, leverages new technologies, and focuses on national security."
In Central Asia, Kazakhstan's President Kassym-Jomart Tokayev on Monday outlined the country's cryptocurrency business plan, including a strategic cryptocurrency reserve.
He proposed the creation of a national digital asset fund to accumulate "promising assets in the new digital financial system."
Meanwhile, the Philippine Congress is considering a proposal in August to establish a strategic reserve of 10,000 Bitcoins, which could make it the first country in Southeast Asia to adopt BTC as a strategic asset.
According to Bitbo data, countries currently holding Bitcoin in their respective reserves exceed 517,000 BTC, accounting for 2.46% of the total Bitcoin supply.
Related: SEC officially accepts: Nasdaq's tokenized stocks are about to launch
Original article: “U.S. Congress Requests Treasury Report on Strategic Bitcoin (BTC) Reserve Details”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
