Lawmakers Demand Clarity on Custody, Security, and Implementation
The US Congress has advanced a bill requiring the Treasury Department to deliver a comprehensive report on how the newly proposed Strategic Bitcoin Reserve would be structured, custodied, and secured.
The measure, introduced by Representative David P. Joyce, directs the Treasury to examine the legal authority, cybersecurity measures, and custody framework for digital assets held by the federal government. If enacted, the department would have 90 days to produce its findings.
I am incredibly proud to see @HouseAppropsGOP advance my FY26 Financial Services and General Government Appropriations Bill. This legislation ensures the federal government is fiscally responsible, leverages new technology, and is focused on national security. pic.twitter.com/W23xcfCYNB
— Dave Joyce (@RepDaveJoyce) September 4, 2025
In addition to custody and security, the report must outline interagency transfer protocols, the representation of assets on the federal balance sheet, and any reliance on third-party contractors for custody. It must also address potential implementation hurdles and assess the impact on the Treasury Forfeiture Fund, which holds assets seized in financial crime cases.
Strategic Bitcoin Reserve Ordered by Trump
In March, President Donald Trump signed an executive order to establish both a Strategic Bitcoin Reserve and a broader digital asset stockpile, primarily funded through crypto seized by federal agencies.
Treasury Secretary Scott Bessent has since reiterated that the department is exploring “budget-neutral pathways” to expand the reserve without burdening taxpayers.
Joyce praised the Appropriations Committee for supporting his proposal, writing on X that the legislation would ensure the government remains “fiscally responsible, leverages new technology, and is focused on national security.”
Global Trend Toward Crypto Reserves
The US initiative follows a growing global movement to integrate crypto into national reserves.
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Kazakhstan President Kassym-Jomart Tokayev recently unveiled plans to create a state fund for strategic crypto assets.
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In August, lawmakers in the Philippines considered establishing a reserve of 10,000 Bitcoin, which would make it the first Southeast Asian nation to adopt BTC as a strategic asset.
According to Bitbo data, governments worldwide collectively hold over 517,000 BTC, representing about 2.46% of Bitcoin’s total supply.
The US Congress is pressing for transparency and technical planning around the Strategic Bitcoin Reserve, signaling that the government’s crypto strategy is moving from political rhetoric to actionable steps. Meanwhile, other countries are racing ahead with similar initiatives, highlighting a geopolitical shift toward Bitcoin as a reserve asset.
