New bill targets strategic bitcoin reserve

Bipartisan legislation introduced in the House proposes establishing a strategic bitcoin reserve for the U.S. government, mandating a 20-year lockup period for these holdings. Unlike previous proposals, this bill does not require the government to purchase a specific amount of bitcoin, such as 1 million BTC. Instead, it focuses on transparency and security by requiring quarterly public proof-of-reserve disclosures and third-party audits of all government-held bitcoin assets. This move signals a growing congressional interest in codifying policies around digital assets and ensuring responsible management of any potential government cryptocurrency reserves.