- A new U.S. bill mandates a Treasury study on creating a federal Bitcoin and digital asset reserve.
- The proposed legislation requires a full report to Congress on custody and legal frameworks within 90 days.
U.S. lawmakers are advancing a bill that would require the Treasury Department to examine the creation of a strategic Bitcoin reserve. This legislative effort represents a concrete step toward evaluating how digital assets might function within federal financial systems.
The proposed legislation directs the Treasury to conduct a study on managing and integrating Bitcoin and other crypto assets. This analysis would identify legal and regulatory obstacles involved in establishing such reserves. It would also measure the effect on the Treasury’s Forfeiture Fund and describe how acquired assets would be recorded on the government balance sheet.
Federal agencies would receive guidance on legal methods to transfer digital assets to the reserve. The study must also disclose any third-party custodians that would help secure the assets.
If the bill passes, the Treasury Secretary must deliver a report to Congress within 90 days. This document will propose a custody and cybersecurity framework and clarify the legal authority for holding digital assets. It will also describe plans for interagency coordination.
A separate classified report from the Treasury Secretary and the National Security Agency Director is also mandated. That document will focus on safeguarding the nation’s digital asset strategy.
Representative Joyce, who introduced the bill, acknowledged the House Appropriations Committee for its support. He stated that the proposal controls spending, adopts new technology, and prioritizes national security.
Concurrently, other legislative efforts are underway to provide regulatory clarity for digital asset markets. The CLARITY Act, promoted by the House Financial Services GOP, aims to establish a structured framework for these markets.
