U.S. House Financial Services Committee advances bill to create a federal strategic Bitcoin reserve

The U.S. House Financial Services Committee advanced H.R. 8957 by a 28-21 vote, moving a bill that would place Bitcoin held by the federal government in a 20-year hold at the federal level ^{[1] [2]}.

One summary of the legislation says it would bar government-owned Bitcoin from being sold for at least two decades, and that federal Bitcoin holdings total approximately 324,527 BTC (valued near $24.7 billion) ^[2].

Another account frames the proposal as directing the Treasury to secure government Bitcoin and describes additional elements including separate stockpiles for other digital assets, while noting that supporters and opponents cited volatility ahead of required full House and Senate votes ^[3].

Reporting on the bill’s disclosure requirements differs: TheCoinrise.com reports a dispute over whether the final reporting requirement is annual or quarterly, noting that coverage of the committee’s 28-21 vote agrees on the vote but not the reporting period ^[4].