According to reports, a bill proposing the creation of a strategic Bitcoin reserve within the U.S. federal government could be put to a vote in the House Financial Services Committee on Wednesday.
Bill number HR 8957, titled the 'American Reserve Modernization Act of 2026', was introduced in the House of Representatives on May 21, 2026, and referred to the Financial Services Committee. Among the bill's sponsors are Representative Nick Begich of Alaska, as well as numerous Republicans and some Democrats from various states.
The bill proposes creating a separate 'Strategic Bitcoin Reserve' within the U.S. Department of the Treasury to store Bitcoins held by the federal government. If passed, the Treasury Secretary would have 180 days to establish a secure infrastructure for holding Bitcoin.
Additionally, the creation of a separate 'Digital Asset Reserve' for crypto assets other than Bitcoin is planned. It is proposed that all Bitcoins acquired by the federal government that meet specified criteria be transferred to the Strategic Bitcoin Reserve, and other digital assets to this separate reserve structure.
According to the bill, the Treasury Department would gain the authority to sell, exchange, or convert digital assets, other than Bitcoin, into other assets. Proceeds from these transactions would only be permitted for increasing the amount of Bitcoin in the Strategic Bitcoin Reserve or for reducing the U.S. national debt.
The text highlights Bitcoin's limited supply, its decentralized nature, and recent global adoption, asserting that Bitcoin is a digital age asset that, like gold, could diversify the U.S. national reserves. Legislators suggest a Bitcoin reserve could strengthen the U.S. dollar's position in the global financial system and enhance the nation's financial resilience.
Management and oversight of the reserves would be the responsibility of the Treasury Department. Furthermore, coordination with the Department of Defense, the Department of Homeland Security, and industry experts on physical and cybersecurity matters is planned.
The bill also states that operations carried out must be transparent and auditable, and it envisions the creation of a 'reserve verification' system allowing for public verification of the reserve assets.
According to recent reports, Bill HR 8957 is expected to be put to a committee vote on Wednesday. If the bill passes the committee, it will be sent to the General Assembly of the House of Representatives.
*This is not investment advice.
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