US Lawmakers Advance Bill on Strategic Bitcoin Reserve
The United States is edging closer to establishing a Strategic Bitcoin Reserve, as a recent House bill advises the U.S. Treasury Department to investigate the creation of a federal digital asset stockpile.
The Treasury must submit a full report within 90 days of the bill’s enactment, according to a provision filed by Rep. David P. Joyce. The report must evaluate:
- Custody and legal authority of federally owned crypto
- Transfer mechanisms between agencies
- Cybersecurity controls
- Balance-sheet treatment of crypto assets
It should also identify potential obstacles and explain how the reserve could affect the Treasury’s current Forfeiture Fund.
Trump’s Executive Order Sparks Legislative Action
In March, Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a stockpile of government-seized crypto.
Treasury Secretary Scott Bessent confirmed that the department is exploring “budget-neutral pathways” to grow the reserve.
This new bill is the first step in turning Trump’s executive order into law. The resulting report could lay the groundwork for the first official federal Bitcoin reserve if both the House of Representatives and U.S. Senate approve.
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National Security Meets Digital Finance
Rep. Joyce praised the House Appropriations Committee for advancing the bill. In a post on X, he stated the legislation ensures the government is “fiscally responsible, leverages new technology, and focused on national security.”
The proposal signals that Washington D.C. increasingly sees Bitcoin as a strategic asset, rather than merely a speculative investment.
Countries Are Building Their Bitcoin Reserves
The U.S. is not alone in seeking strategic Bitcoin holdings:
- Kazakhstan: President Kassym-Jomart Tokayev proposed setting up a state fund for digital assets to accumulate promising crypto projects in the emerging digital financial system.
- Philippines: Congress discussed establishing a 10,000 BTC reserve, potentially making it the first Southeast Asian country to adopt Bitcoin as a national reserve.
According to Bitbo, global governments currently control over 517,000 BTC, roughly 2.46% of total Bitcoin supply.
More participants in the crypto space view Bitcoin as a hedge against financial instability, inflation, and geopolitical risks.
What’s Next for the US Bitcoin Reserve?
If the bill passes, the Treasury’s 90-day report will serve as the federal government’s first roadmap for legally and securely holding Bitcoin.
It will also clarify whether the U.S. will join other nations in treating Bitcoin as a national strategic advantage.
For now, the United States Strategic Bitcoin Reserve remains a proposal — but momentum toward adoption is clearly building.
