Catenaa, Wednesday, September 10, 2025-Lawmakers in Washington are pressing the Treasury Department to evaluate whether the federal government should hold Bitcoin as part of a strategic reserve, requiring a detailed report within 90 days if provisions in a spending bill advance.
The House Appropriations Committee approved the measure Friday, placing it on the Union Calendar for possible floor debate.
Sponsored by Representative David Joyce, the bill directs Treasury to assess the feasibility of creating a Strategic Bitcoin Reserve and a broader digital asset stockpile.
The legislation’s Section 137 orders Treasury to examine the practicability of such a reserve, including legal authority, interagency transfers, and its effect on the Treasury Forfeiture Fund.
Section 138 mandates a 90-day plan addressing custody structures, cybersecurity protections, and accounting standards for government-held digital assets.
If enacted, Treasury would need to define custody and key management practices that could set benchmarks for the private sector.
Legal analysts said the requirements mirror the same operational and security challenges faced by institutional custodians of Bitcoin.
The provisions build on President Donald Trump’s March executive order that first outlined a Strategic Bitcoin Reserve without specifying its implementation. The new bill would compel Treasury to fill in those details and establish formal guidelines.
The proposal now awaits debate on the House floor, where its fate will depend on broader negotiations over federal spending.
