The U.S. House Financial Services Committee advanced H.R. 8957, the American Reserve Modernization Act, by a 28-21 vote on September 16. The bill would codify the Strategic Bitcoin Reserve created by executive order and require the federal government to hold qualifying Bitcoin for 20 years. During that period, the Bitcoin could not be sold, swapped, auctioned, encumbered, or otherwise disposed of.
The measure would also require annual inventories and proof-of-reserve reports, independent cryptographic audits, and continuing oversight. Treasury would have 180 days after enactment to establish the reserve and a separate Digital Asset Stockpile. The committee action is not final passage: the bill still needs approval by the full House and Senate and the president’s signature. The amended text sets one 20-year period beginning at enactment, rather than a separate clock for each deposit.
https://news.bitcoin.com/regulation-and-legal/house-panel-advances-us-bitcoin-reserve-bill-with-20-year-hold/
oxhak / Ox HaK
npub1sx…dz7z7
2026-09-21 03:35:28 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://relay.damus.ioPublished at
2026-09-21 03:35:28 UTCEvent JSON
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"content": "The U.S. House Financial Services Committee advanced H.R. 8957, the American Reserve Modernization Act, by a 28-21 vote on September 16. The bill would codify the Strategic Bitcoin Reserve created by executive order and require the federal government to hold qualifying Bitcoin for 20 years. During that period, the Bitcoin could not be sold, swapped, auctioned, encumbered, or otherwise disposed of.\n\nThe measure would also require annual inventories and proof-of-reserve reports, independent cryptographic audits, and continuing oversight. Treasury would have 180 days after enactment to establish the reserve and a separate Digital Asset Stockpile. The committee action is not final passage: the bill still needs approval by the full House and Senate and the president’s signature. The amended text sets one 20-year period beginning at enactment, rather than a separate clock for each deposit.\n\nhttps://news.bitcoin.com/regulation-and-legal/house-panel-advances-us-bitcoin-reserve-bill-with-20-year-hold/",
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