[Holding Approximately $24.7 Billion in Bitcoin, U.S. House Committee Advances Bill to Permanently Establish Strategic Bitcoin Reserve] Odaily Planet Daily reports that Bitcoin News posted on the X platform stating that on September 16, the U.S. House Financial Services Committee advanced the '2026 U.S. Reserve Modernization Act' with 28 votes in favor and 21 against. The bill aims to incorporate the strategic Bitcoin reserve, established by an executive order under Trump, into federal law and requires the government to hold confiscated Bitcoin for at least 20 years. The bill also proposes mandates for public proof of reserves, independent audits, and research into increasing Bitcoin holdings without raising taxes, government borrowing, or the federal deficit. The bill still needs to pass the full House and Senate. Arkham Intelligence estimates that the U.S. government holds approximately 324,500 Bitcoins, valued at around $24.7 billion, though the exact scale has yet to be officially disclosed or confirmed by the government.