US Lawmakers Mandate Treasury Report on Strategic Bitcoin Reserve
The US House of Representatives has introduced legislation requiring the Treasury Department to produce a detailed report evaluating the feasibility and operational considerations of a Strategic Bitcoin Reserve and a broader digital asset stockpile. This initiative stems from President Donald Trump’s executive order to establish a federal Bitcoin reserve funded by government-confiscated cryptocurrencies.
Representative David P. Joyce, who introduced the appropriations bill on Friday, stipulated that the Treasury must submit its findings within 90 days of the bill’s enactment. The report will assess custody solutions, legal authority, cybersecurity protocols, and the integration of these digital assets into the federal government’s balance sheet.
Additionally, the Treasury is tasked with outlining strategies for interagency transfers of digital assets and identifying any third-party contractors responsible for asset custody. The bill also requires analysis of potential implementation challenges and the impact on the Treasury Department Forfeiture Fund.
US Treasury Secretary Scott Bessent has confirmed that the department is exploring budget-neutral approaches to support the Bitcoin reserve, aligning with the administration’s intent to leverage confiscated cryptocurrencies without additional fiscal burden.
Representative Joyce expressed appreciation for the House Appropriations Committee’s support, emphasizing that the legislation aims to ensure fiscal responsibility while advancing national security through emerging technologies.
Global Context: Other Nations Pursuing Crypto Reserves
Beyond the US, other countries are advancing similar strategies. Kazakhstan’s President Kassym-Jomart Tokayev announced plans to create a state fund for digital assets to accumulate promising crypto assets within the evolving digital financial system.
In Southeast Asia, the Philippines’ Congress has considered a proposal to establish a strategic reserve of 10,000 Bitcoins, potentially positioning the country as a regional pioneer in adopting Bitcoin as a strategic asset.
According to data from Bitbo, sovereign holdings of Bitcoin currently exceed 517,000 BTC, representing approximately 2.46% of the total Bitcoin supply.
FinOracleAI — Market View
This legislative development signals growing institutional interest in integrating cryptocurrency into sovereign financial frameworks. The Treasury’s forthcoming report will clarify regulatory, technical, and operational challenges, reducing uncertainty around federal digital asset management.
Key risks include potential legal hurdles and cybersecurity concerns that could delay or complicate implementation. Market participants should monitor the report’s findings and subsequent congressional actions for indications of broader US government engagement with digital assets.
Impact: positive
