U.S. lawmakers have put forward a bill requiring the Treasury Department to study the creation of a Strategic Bitcoin Reserve and a broader U.S. digital asset stockpile, following an order by President Donald Trump.
The measure, introduced Friday by Representative David P. Joyce as part of a House appropriations bill, directs the Treasury to submit a detailed report within 90 days of the law taking effect. The report must cover feasibility, custody arrangements, legal authority, and cybersecurity protections for government-held digital assets.
The Treasury would also need to outline how assets could be transferred across agencies, how they would appear on the federal balance sheet, and which third-party firms might manage custody. In addition, the department must assess potential challenges to implementation and evaluate how such a reserve could affect the Treasury Forfeiture Fund.
Bitcoin Strategic Reserves Gain Global Momentum
In Central Asia, Kazakhstan’s president Kassym-Jomart Tokayev unveiled plans on Monday to strengthen the nation’s role in digital finance through a strategic crypto reserve. He proposed setting up a state fund for digital assets to collect “promising assets in the new digital financial system.”
In Southeast Asia, the Philippines’ Congress was weighing a bill in August that would establish a strategic reserve of 10,000 Bitcoin, a move that could make the country the first in the region to formally recognize Bitcoin as a strategic asset.
At present, countries collectively hold more than 517,000 BTC in their reserves, representing about 2.46% of Bitcoin’s total supply, according to Bitbo.
