The lawmakers in Washington weigh how the federal government should deal with bitcoin nursery and other digital assets.
New bill, HR 1566The Treasury is directed to prepare a comprehensive report on the feasibility of establishing each of A. Bitcoin strategic reserves The wider digital assets.
This measure is part of the credit process for financial services and government operations for the fiscal year ending September 30, 2026.
The legislation requires that treasury officials study how these reserves will affect the current confiscation fund, which is currently receiving the assets seized from federal agencies.
The draft law also calls for clarifying how to represent Bitcoin and other symbols in the federal public budget, which would clarify how the United States calculates digital holdings.
Another condition in the draft law is transparency regarding nursery partners and digital asset security.
Given, the draft law guides the US Treasury to define nursery models, legal authority, protect cybersecurity, and procedures between agencies to transfer and store digital assets.
Legionships also requested the identification of potential contractors from the third party who can manage the custody on behalf of the government.
These details aim to ensure that any functional reserves and can be defended in exchange for operational or cyber risks.
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The Treasury Minister must provide the results to the main committees of the House of Representatives and the Senate within 90 days of the enactment of the bill. This deadline indicates urgency, as legislators seek rapid clarity on whether the government can maintain the Bitcoin Strategic Reserve.
American bitcoin reserve efforts
HR 1566 depends on broader efforts to make the formal character a American bitcoin reserve Strategy.
Earlier this year, the president Donald Trump Proposal Through an executive orderAnd, which caused great attention to policy and market makers.
However, a tangible timetable for implementation has not appeared.
The lack of a clear framework led to uncertainty in the encryption industry, which sought to guidance on how the government intends Treating digital reserves.
Legitimates like Senator Cinemia Lomes It has already submitted legislation, including Bitcoin, to encourage strategic accumulation.
However, these measures remain suspended in Congress, leaving the future of the American Bitcoin Reserve without a solution.
