[U.S. House Committee Advances Bitcoin Reserve Bill, Proposes 20-Year Holding Period] Odaily Planet Daily News: On September 16, the U.S. House Financial Services Committee passed the revised H.R. 8957 'U.S. Reserve Modernization Act' by a vote of 28 to 21, aiming to incorporate the U.S. strategic Bitcoin reserve and digital asset reserve plan into federal law. The bill proposes that Bitcoin legally held by the federal government and without other statutory uses must be held for at least 20 years from the effective date of the act, during which it cannot be sold, exchanged, auctioned, used as collateral, or otherwise disposed of. The bill still requires approval by the House and Senate and must be signed by Trump to become law. The bill also mandates the Treasury Department to establish the relevant reserves within 180 days of enactment and to publish an annual reserve proof report covering holdings, transactions, and private key control. The Treasury and Commerce Departments will study legal and budget-neutral methods for increasing Bitcoin holdings, though this provision does not authorize direct purchases. (Bitcoin.com News)