US lawmakers took a step on Wednesday to place US President Donald Trump’s government order to determine a strategic Bitcoin reserve into regulation.
The American Reserve Modernization Act of 2026 (H.R. 8957) handed the US Home Committee on Monetary Providers in a 28-21 vote. The invoice would set up a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile throughout the Division of the Treasury for federally held Bitcoin and different digital belongings acquired via legal or civil forfeiture.
“We can’t permit Bitcoin to be held by the federal authorities to languish in fragmented and inconsistent custody,” mentioned US Consultant Nicholas Begich, who launched the invoice on Might 21. “It poses unacceptable cybersecurity dangers and fails to provide an sufficient accounting of what the federal authorities really owns.”
The transfer brings Washington nearer to creating Bitcoin an enduring a part of the federal authorities’s reserves.
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The US authorities is estimated to carry 324,527 Bitcoin, price $24.7 billion on the time of writing, based on Arkham Intelligence.
Underneath ARMA, Bitcoin within the federal authorities’s reserve must be held for at least 20 years.
The laws requires all federal businesses to supply a full accounting of digital belongings at the moment held or managed by the federal authorities and establishes transparency measures, together with quarterly “proof of reserve” experiences and third-party audits.
It will additionally direct a examine of budget-neutral acquisition methods for increasing the Strategic Bitcoin Reserve and permit states to retailer their Bitcoin within the Federal Reserve.
The invoice additionally affirms personal possession and self-custody rights of Bitcoin, describing the management of personal keys as “basic to the ideas of economic sovereignty, privateness, and private liberty within the digital age.”
Bitcoin Coverage Institute government director Connor Brown on Wednesday known as it a “genuinely historic step for Bitcoin coverage.”
In Might, Try CEO Matt Cole known as it “the one most necessary crypto laws that may come out of DC.”
The committee’s approval clears a hurdle for the laws, however it nonetheless must cross the total Home and Senate earlier than reaching the president’s desk.
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