House Financial Services Committee Advances Bill to Establish Federal Strategic Bitcoin Reserve
The U.S. House Financial Services Committee has voted 28-21 to advance H.R. 8957, known as the American Reserve Modernization Act. This bill proposes the establishment of a federal Strategic Bitcoin Reserve, which would mandate a 20-year custody period for any Bitcoin held within it. The legislation aims to formally integrate the concept of a Bitcoin reserve into federal law, thereby making it a permanent fixture rather than an initiative dependent on executive orders. The current framework for a federal Bitcoin reserve was initially established through an executive order signed by President Trump in March 2025. Supporters of the bill argue that by treating seized Bitcoin as a long-term national asset, instead of routinely auctioning it off, the government would signal increased institutional legitimacy for the cryptocurrency asset class. The bill has now moved forward and awaits a vote from the full House of Representatives. This development comes amidst a broader rally in Bitcoin's value, which recently ...
