Strategic Bitcoin Reserve Bill Set for House Committee Vote Wednesday
The measure would require government-held Bitcoin to stay in reserve for 20 years and direct Treasury to study budget-neutral ways to add more.
- On Wednesday, the House Financial Services Committee will markup H.R. 8957, the American Reserve Modernization Act of 2026, which would codify the federal Strategic Bitcoin Reserve and mandate a 20-year holding period for government-held Bitcoin.
- Introduced by Republican Rep. Nick Begich with Democratic Rep. Jared Golden, the bill creates two Treasury structures for digital assets but stops short of ordering fixed Bitcoin purchases, avoiding new deficit spending unlike Senator Cynthia Lummis's BITCOIN Act.
- Federal agencies would have 60 days to report crypto holdings to Treasury, with 30 days to transfer assets once the reserve becomes operational; the Comptroller General would oversee the reserve, requiring independent third-party audits and cryptographic attestations.
- Participating states may place Bitcoin in segregated reserve accounts while retaining title, but the legislation restricts selling, requiring Treasury to hold Bitcoin for at least 20 years, though the secretary could recommend selling up to 10% during any two-year period.
- Rather than immediate purchasing, Treasury and the Department of Commerce would have 180 days to study acquiring more Bitcoin over five years without increasing the national debt, as the bill explicitly prohibits borrowing or new taxation.
18 Articles
18 Articles
What Is the Strategic Bitcoin Reserve Bill? What Wednesday's House Vote Means for Bitcoin
Congress is set to vote on a bill that could lock 198,000 government-held Bitcoin away for two decades, but the headlines are getting one critical detail very wrong about what the legislation actually does.
Strategic Bitcoin Reserve bill set for House committee vote Wednesday
The U.S. House Financial Services Committee has scheduled a markup of legislation that would put the federal Strategic Bitcoin Reserve into law and require government-held Bitcoin to remain in the reserve for at least 20 years. The House Financial Services…
The strategic crypto reserve is built on four economic lies
In my recent analysis of the Trump administration’s proposed $20 billion strategic Bitcoin reserve, I argued that anchoring a national treasury to seized digital assets introduces severe systemic risks to the U.S. dollar. The article ignited an immediate, highly charged debate. Much of the sharpest pushback came directly from my own friends, colleagues, and professional […]
U.S. House committee set to mark up Strategic Bitcoin Reserve bill on Wednesday - The Cryptocurrency Post
The House Financial Services Committee is scheduled to consider H.R. 8957, the American Reserve Modernization Act of 2026, at a markup on Wednesday, September 16, at 10 a.m. ET. The measure would advance a proposed Strategic Bitcoin Reserve under Treasury oversight, according to the committee’s calendar. The bill was introduced by Rep. Nick Begich and […]
What Is the Strategic Bitcoin Reserve Bill? What Wednesday’s House Vote Means for Bitcoin
The post What Is the Strategic Bitcoin Reserve Bill? What Wednesday’s House Vote Means for Bitcoin appeared first on 24/7 Wall St.. Bitcoin (CRYPTO) trades at $77,100 today, but the Strategic Bitcoin Reserve is making headlines for reasons that have little to do with price. The House Financial…
Investors are eagerly awaiting the crypto bill, while at the same time the strong possibility that the Fed will raise interest rates is weighing on the sentiment.
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