Catenaa, Friday, September 12, 2025- The US Congress is pushing legislation requiring the Treasury Department to deliver a 90-day report on the feasibility, security, and accounting of a Strategic Bitcoin Reserve and federal digital asset stockpile.
The measure, filed by Representative David Joyce (R-OH) as part of the FY2026 Financial Services and General Government Appropriations Act (H.R. 5166), cleared the House Appropriations Committee and awaits a floor vote.
The report will assess Treasury’s holdings of approximately 198,000–207,000 BTC, mostly acquired from law enforcement seizures, and explore whether consolidating these assets into a reserve is viable.
The framework includes guidance on custody, valuation, and the potential involvement of third-party contractors, while analyzing impacts on the Treasury Forfeiture Fund.
National security is a central concern, requiring a classified assessment with the NSA on cyber threats, insider risks, and foreign adversaries.
The legislation aligns with broader US policy, including the March executive order from President Donald Trump establishing a national Bitcoin reserve based on confiscated coins rather than open-market purchases.
Treasury Secretary Scott Bessent has emphasized Bitcoin as a hedge and innovation signal, highlighting fiscal and strategic advantages. The bill also bans funding for a US central bank digital currency, reflecting ongoing Republican caution toward a CBDC.
Globally, governments now hold over 517,000 BTC, with national reserves in Texas, El Salvador, Kazakhstan, the Philippines, and Brazil under consideration or already established.
The US initiative signals a broader trend of formalizing state-level crypto reserves, with implications for fiscal management, national security, and digital asset policy.
Congress orders Treasury to report on strategic Bitcoin reserve within 90 days, focusing on security, valuation, and custody amid growing global government holdings.
