US lawmakers have introduced a bill that directs the US Treasury to review and make a report on the feasibility and technical consideration of a strategic bitcoin reserve and US digital assets.
The allocations of the house Bill.
The bill also requires the agency to release its plan for interagency transfers, how the assets are represented under the balance of the federal government, and all third-party contractors that may be responsible for the preservation of properties.
It also requires the Department of Treasury to put any potential barriers to its implementation and measure the impact of the reserve on the Treasury Forfery Fund department.
In March, US president Donald Trump signed an executive command to be established A strategic Bitcoin reserve and a digital asset stockpile, which will use the Crypto confiscated by the government to establish the same funds. US secretary of US Treasury Scott Bescent has reiterated that The agency is also “exploring the neutral budget paths” To strengthen the bitcoin reserve.
The new bill represents some movement in the US plan ‘to create a Bitcoin reserve. It will be considered the whole house, and if passed, it will continue in the Senate.
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In a Post On X on Thursday, Joyce expressed gratitude to the home adaptation committee for the promotion of his extensive bill.
“This law ensures that the federal government is responsible for fiscal, seizing new technology, and focusing on national security,” Joyce added.
Other countries occupy efforts for the crypto reserve
Kassym-Jomart Tokayev, the President of the Republic of Kazakhstan, on Monday laid out plans for Country Crypto Effortsincluding a strategic crypto reserve.
He is floating in creating a state fund for digital assets to accumulate “promising assets in the new digital financial system.”
Meanwhile, the Philippines Congress in August is considered a proposal to Establish a strategic reserve of 10,000 BitcoinThat could make it the first country in Southeast Asia to adopt Bitcoin as a strategic property.
Currently, Bitcoin -holding countries in their reserves exceed 517,000 BTC, worth 2.46% of the total Bitcoin supply, According to This is a bitbox.
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