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Deep Tide TechFlow News, June 5th, the U.S. House of Representatives proposed H.R. 8957 "The United States Reserve Modernization Act of 2026," which aims to require the Treasury Department to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve" within 180 days of the bill's enactment, to centrally custody the federal government's holdings of Bitcoin and other digital assets.
The bill stipulates that Bitcoin included in the Strategic Bitcoin Reserve should, in principle, be held for at least 20 years, during which it cannot be sold, exchanged, or disposed of; it also requires the establishment of a reserve proof system, quarterly disclosure of holdings, transactions, and private key control proofs, and independent third-party audits. The bill also calls for studying the feasibility of increasing Bitcoin holdings in a budget-neutral manner over the next five years.