U.S. House Committee Advances Bill to Establish Strategic Bitcoin Reserve
The U.S. House Financial Services Committee has advanced the American Reserve Modernization Act. This proposed legislation aims to establish a strategic reserve for federal Bitcoin holdings, mandating that these assets be held for a period of 20 years without being sold, exchanged, or pledged. The bill reflects a policy choice made in March 2025, converting forfeited Bitcoin into a strategic reserve rather than liquidating it. Currently, the U.S. Strategic Bitcoin Reserve is estimated to hold between 325,000 and 328,000 BTC, primarily accumulated through criminal forfeitures from cases like Silk Road, the Bitfinex hack, and the Prince Group. This move signifies a governmental decision to treat Bitcoin as a national asset with long-term strategic relevance. While the bill has passed the committee, it still requires approval from the full House, the Senate, and the President's signature to become law. There are no current plans to actively purchase more Bitcoin for this reserve; the holdings are derived from...
