The legislators in Washington are weighing how the federal government must approach Bitcoin custody and other digital assets.
A new bill, HR 1566, orders the Treasury Department to prepare a comprehensive report on the viability of creating a strategic Bitcoin reserve and a broader digital asset reserve.
The measure is part of the process of financial services and government operations assignments for the fiscal year ending on September 30, 2026.
The legislation requires that Treasury officials examine how such reservations would affect the fund of existing confiscation, which currently receives assets seized from federal agencies.
The bill also requires an explanation of how Bitcoin and other tokens would be represented in the federal balance, which would clarify how the United States explains digital holdings.
Another requirement in the bill is transparency with respect to custody partners and the security of digital assets.
Taking this into account, the bill instructs the United States Treasury to describe custody models, legal authority, cybersecurity protections and procedures between agencies to transfer and store digital assets.
Legislators also requested the identification of possible third -party contractors that could administer custody in the name of the Government.
These details are aimed at ensuring that any reserve is functional and defensible against operational or cybernetic risks.
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The Treasury Secretary must deliver the findings to the key committees of the Chamber and the Senate within 90 days after the promulgation of the bill. This deadline indicates the urgency, since legislators seek rapid clarity about whether the government can maintain a strategic Bitcoins reserve credible.
The US Bitcoin reserve efforts.
HR 1566 is based on broader efforts to formalize a US Bitcoins reserve strategy.
Earlier this year, President Donald Trump floated the idea through an executive order, generating a significant interest in policy formulators and markets.
However, a specific timeline for implementation has not emerged.
The absence of a clear framework has fed uncertainty within the cryptographic industry, which has sought the direction of how the government intends to treat digital reserves.
Legislators such as Senator Cynthia Lummis have already introduced legislation, including Bitcoin’s law, to promote strategic accumulation.
However, these measures remain stagnant in Congress, leaving the future of a US Bitcoins reserve. Uu. Without resolving.
