Congress Advances Bill for Strategic Bitcoin Reserve With Seized Funds

Key Highlights ￰0￱ to report on creating a Bitcoin reserve in 90 ￰1￱ order sets standards for institutional crypto ￰2￱ assets form the initial reserve with future growth ￰3￱ Pushes Bitcoin Reserve Plan Forward Congressman David Joyce introduced the House Appropriations Bill (HR 5166), which requires the ￰4￱ Department to prepare a comprehensive report on creating a Bitcoin reserve and managing assets within ￰5￱ 137 of the bill instructs Treasury to submit a report within 90 days detailing: Practical possibility of creating such a ￰6￱ ￰7￱ impact on the agency’s confiscated cryptocurrency ￰8￱ of crypto assets on the government balance ￰9￱ responsible for storing these ￰10￱ 138 mandates that Treasury Secretary Scott Bessent provide House committees with a detailed plan describing the infrastructure for storing the reserve’s ￰11￱ includes security protocols and interagency procedures for transferring ￰12￱ bill has been approved by the Appropriations Committee and is now before the House plenary ￰13￱ Department Prepares Infrastructure for Crypto Assets Kurt Watkins, founder of Watkins Legal, told Decrypt that the infrastructure developed by the ￰14￱ Department will likely set industry standards, guiding institutional custodians on best ￰15￱ Bitcoin reserve follows an executive order signed on March 7, 2025, by ￰16￱ Donald Trump, which also established a broader digital asset reserve including other cryptocurrencies.

Currently, both reserves consist solely of confiscated ￰17￱ interdepartmental team is tasked with developing a budget-neutral strategy to replenish the reserves. Earlier, Secretary Bessent clarified that the Treasury does not plan to purchase Bitcoin, a decision that has influenced the asset’s market price.