The Strategic Bitcoin Reserve bill directs Treasury to study the practicability of a federal Bitcoin reserve and produce a 90‑day custody, cybersecurity, and accounting plan for digital assets, aiming to codify operational standards for federal crypto holdings.
Treasury study on a Strategic Bitcoin Reserve mandated.
Section 138 requires a 90‑day custody and cybersecurity plan for federal digital assets.
Measure would translate an executive order framework into potential statutory standards.
Meta description: Strategic Bitcoin Reserve study: Treasury must assess a federal Bitcoin reserve and deliver a 90‑day custody and cybersecurity plan—read key details and next steps.
Congress advances bill requiring Treasury to study a Strategic Bitcoin Reserve and set custody, cybersecurity, and accounting standards.
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- House bill directs Treasury to assess feasibility of a Strategic Bitcoin Reserve and digital asset stockpile.
- Section 138 mandates a 90 day custody, cybersecurity, and coordination plan for federal digital assets.
- Provisions expand on Trump’s March executive order, seeking to codify a Strategic Bitcoin Reserve into law.
Lawmakers in the U.S. House of Representatives have advanced a proposal directing the Treasury Department to assess the feasibility of establishing a Strategic Bitcoin Reserve. The measure, filed Friday as part of a broader appropriations bill, would also require the department to design custody and cybersecurity procedures for federal digital assets.
According to the House docket, the bill was placed on the Union Calendar on September 5, making it eligible for consideration on the floor. Representative David Joyce (R‑OH) reported the bill, which includes two sections addressing the potential structure of a reserve and the government’s custody framework for Bitcoin and other digital assets.
What is the Strategic Bitcoin Reserve proposal?
The Strategic Bitcoin Reserve proposal instructs the Treasury to study whether the federal government can hold Bitcoin and other digital assets in a structured reserve or stockpile. The study will assess legal authorities, impacts on the Treasury Forfeiture Fund, and the operational steps needed to maintain, account for, and transfer such assets.
How would Treasury assess custody, cybersecurity, and accounting?
Section 138 requires Treasury to deliver a 90‑day plan outlining custody architecture, cybersecurity protocols, accounting standards, and interagency coordination. The plan must address custody definitions used across the institutional market and propose federal accounting treatments for digital asset holdings.
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Treasury must confront private‑sector custody challenges including key management, multi‑party signing, disaster recovery, and auditability. Legal and financial authorities governing forfeiture, transfers, and reporting will be evaluated. Kurt Watkins, founder of Watkins Legal, notes federal standards would likely shape industry practice.
The bill codifies elements first introduced in President Donald Trump’s March executive order, which conceptualized a Strategic Bitcoin Reserve but left operational details open. Lawmakers now seek statutory clarity on custody and balance‑sheet treatment to ensure transparency and fiduciary controls.
If enacted as drafted, Section 138’s 90‑day requirement would compel a near‑term Treasury submission following enactment. The study timeline in Section 137 will set a separate schedule for a broader feasibility analysis and legal assessment.
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