American lawmakers submitted a draft law directing the US Treasury to study and produce a report on the feasibility and technical considerations of the Bitcoin Strategic Reserve and the American Digital Assets store ordered by President Donald Trump.
Home allocations invoiceWhich was presented by actor David B. Joyce on Friday, contains two parts, who direct the Treasury to submit a report on the feasibility, nursery, legal authority and its performance of cybersecurity of the digital assets that the federal government maintains within 90 days of the enactment of the bill.
The draft law also requires the agency to set its plan to carry out transportation operations, how assets will be represented under the federal government’s public budget, and all third -party contractors who may be responsible for asset custody.
It also requires the Ministry of Treasury to put any possible obstacles to its implementation and measure the impact of the reserve on the Treasury confiscation fund.
In March, US President Donald Trump signed an executive order to create a strategic reserve for Bitcoin and digital asset stock, which will use the sources of the government to create both funds. US Treasury Secretary Scott Payet repeated that the agency “also exploring neutral budget tracks” to boost bitcoin reserves.
The new bill represents some movement in the United States plan to create Bitcoin reserves. It will be considered the full house, and if passed, it will move to the Senate.
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in mail To X on Thursday, Joyce expressed his gratitude for the Credit Committee in the House of Representatives to strengthen its wide bill.
“This legislation guarantees that the federal government is financially responsible, benefits from new technology, and focuses on national security,” Joyce added.
Other countries intensify efforts for the encryption reserve
In Central Asia, Casem Gomart Tukayev, President of the Republic of Kazakhstan, made plans on Monday in the country’s encryption efforts, including a strategic encryption reserve.
He kept the establishment of a governmental fund for the assembly of “promising assets in the new digital financial system”.
Meanwhile, the Philippine Conference in August was a proposal to create a strategic reserve of 10,000 Bitcoin, which could make it the first country in Southeast Asia to adopt Bitcoin as a strategic origin.
Currently, countries with Bitcoin keep their reserves 517000 BTC, which reaches 2.46 % of the total bitcoin supply, According to It is Bebo.
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