Lawmakers in Washington have put forward a new measure requiring the US Treasury to evaluate and publish a detailed report on the creation of a Strategic Bitcoin Reserve, along with a broader federal stockpile of digital assets ordered by President Donald Trump.
The appropriations bill, filed on Friday by Representative David P. Joyce, instructs the Treasury Department to deliver its findings within 90 days of the bill’s passage. The report must address technical feasibility, custody models, legal authority, and cybersecurity protections for government-held digital assets.
Additionally, the legislation calls for clarity on how such assets would appear on the federal balance sheet, how transfers between agencies would be handled, and whether third-party custodians would be involved in safekeeping. It also demands an outline of any legal or operational challenges and an assessment of the reserve’s effect on the Treasury Forfeiture Fund.
Back in March, President Trump signed an executive order to establish both a Strategic Bitcoin Reserve and a digital asset fund, using confiscated crypto as the initial base. Treasury Secretary Scott Bessent has since emphasized that the department is exploring “budget-neutral” methods to build up the reserve without burdening taxpayers.
The proposal signals real progress toward formalizing the US Bitcoin reserve strategy. The bill will now go before the full House of Representatives, and if approved, will advance to the Senate.
Representative Joyce expressed his appreciation to the Appropriations Committee in a post on X, writing that the measure “ensures the federal government acts responsibly, adopts emerging technologies, and prioritizes national security.”
Other nations pursue similar strategies
The US isn’t alone in exploring digital asset reserves. In Kazakhstan, President Kassym-Jomart Tokayev recently announced plans for a government-managed crypto reserve, highlighting its potential role in the “new digital financial system.”
The Philippines is also considering a proposal, introduced in August, to create a reserve of 10,000 Bitcoin—an initiative that could make it the first Southeast Asian country to treat Bitcoin as a strategic national asset.
According to data from Bitbo, sovereign entities collectively hold over 517,000 BTC, representing roughly 2.46% of Bitcoin’s circulating supply.
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