House Committee Advances Bill to Create Strategic Bitcoin Reserve

A U.S. House committee has advanced legislation that would create a strategic national reserve for Bitcoin, aiming to codify former President Donald Trump’s proposal for permanent federal holdings of the cryptocurrency.

The bill, moved forward by the House Financial Services Committee, seeks to establish a framework for the U.S. government to acquire and hold Bitcoin as a strategic asset. The move formalizes a policy initiative championed by Trump during his 2024 presidential campaign.

If enacted, the legislation would direct the Treasury Department to manage the reserve, which proponents argue would bolster national economic security. The concept of a strategic Bitcoin reserve mirrors existing national stockpiles for commodities like oil.

The bill’s advancement marks a significant step in the congressional process, though it still requires approval from the full House and Senate before reaching the president’s desk. The proposal reflects growing political recognition of Bitcoin’s potential role in federal asset management.