House committee advances bill to establish Strategic Bitcoin Reserve
Regulation & Gov ·
A US House committee has moved forward legislation that would codify a strategic bitcoin reserve for the federal government, marking a step toward permanent government bitcoin holdings.
The advancement was reported by The Block, which described the measure as part of a broader push tied to plans for the government to hold bitcoin on an ongoing basis rather than liquidate it. The bill's progress through committee is an early procedural stage in the US legislative process, and it would still need further votes before any reserve policy could take effect. wublockchain.xyz also noted the committee action, framing it as advancing a bill to establish the reserve.
The measure did not move in isolation. The same House committees were reported to be marking up crypto tax legislation alongside consideration of the Strategic Bitcoin Reserve bill on the same day, suggesting lawmakers are bundling multiple crypto-related priorities into a single legislative push rather than treating the reserve bill as a standalone item.
Separately, two other crypto-focused bills have been introduced in Congress: one would eliminate capital gains tax on crypto transactions under $10, and another would mandate that the federal government hold bitcoin reserves for a 20-year period. It is not yet clear whether this 20-year holding mandate is the same provision moving through committee or a distinct proposal running in parallel, since the available material does not specify how the bills relate to one another.
Four distinct sources are reported to be covering developments in this cluster, pointing to broader attention on the legislative effort beyond a single outlet. What remains unresolved is the bill's exact text and thresholds, including how much bitcoin the government would be required or permitted to hold, the funding mechanism, and the timeline for any full floor vote in the House. Also unclear is whether a companion measure exists in the Senate, and whether the capital gains exemption and the 20-year reserve mandate will be voted on together or separately. Further committee action or a scheduled floor vote would be the next concrete markers to watch.