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🇺🇸 A bill establishing a strategic Bitcoin reserve is being advanced in the US.
A House committee has approved H.R. 8957, a bill that establishes the "Strategic Bitcoin Reserve."
Key provisions:
▪︎ Government-owned Bitcoin must be held for at least 20 years – selling, exchanging, or using it as collateral is prohibited.
▪︎ Eligible Bitcoin owned or controlled by federal agencies, including confiscated assets, will be transferred to the reserve.
▪︎ The US Treasury Department must establish a public Proof of Reserve system with annual reporting and independent auditing.
▪︎ The US Treasury and Commerce Departments must explore ways to further replenish the Bitcoin reserve without new taxes, increasing the national debt, or deficit spending.
The next step is consideration of the bill by the full House of Representatives. The document then must pass the Senate and receive the president's signature.
🥷 Will your bets fail just like the Clarity Act?
#btc #usdt #usdc #xrp #ltc $GT $ETH $SOL
💵 BTC Dominance: 58.9%
💵 ETH is trading around $2,435.27
⚠️ The Fear and Greed Index is at 63 points, hovering at the "Greed" level.
⚠️ The Alt Season Index is at 33/100