Donald Trump · Bitcoin · U.S. · Federal Reserve (FED) · Cointelegraph
The move brings Washington closer to making Bitcoin a lasting part of the federal government’s reserves
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◎ Multiple-sources
The US government is estimated to hold 324,527 Bitcoin, worth $24.7 billion at the time of writing, according to Arkham Intelligence.
Key facts
- The American Reserve Modernization Act of 2026 (H.R. 8957) passed the US House Committee on Financial Services in a 28-21 vote
- The US government is estimated to hold 324,527 Bitcoin, worth $24.7 billion at the time of writing, according to Arkham Intelligence
- In May, Strive CEO Matt Cole called it “the single most important crypto legislation that can come out of DC
- We cannot allow Bitcoin to be held by the federal government to languish in fragmented and inconsistent custody,” said US Representative Nicholas Begich, who introduced the bill on May 21
Summary
The legislation seeks to codify Trump’s Bitcoin reserve policy, locking up Bitcoin acquired through civil and criminal forfeiture for 20 years. US lawmakers took a step on Wednesday to put US President Donald Trump’s executive order to establish a strategic Bitcoin reserve into law. The American Reserve Modernization Act of 2026 (H.R. 8957) passed the US House Committee on Financial Services in a 28-21 vote. “We cannot allow Bitcoin to be held by the federal government to languish in fragmented and inconsistent custody,” said US Representative Nicholas Begich, who introduced the bill on May 21. The move brings Washington closer to making Bitcoin a lasting part of the federal government’s reserves.