US Treasury Urged to Clarify Bitcoin Reserve Mechanisms

US Congress drafts bill for Treasury to report on Bitcoin Reserve.

The US Congress has drafted a bill instructing the Treasury Department to study and prepare a report on the economic and technical aspects of the country’s Strategic Bitcoin Reserve (SBR).

The document, proposed by Congressman David Joyce, contains two sections. The first requests clarification on the implementation, storage, legal authority, and cybersecurity measures for the SBR.

The second section requires the Treasury to present a plan for interagency transfers, the procedure for reflecting assets on the federal government’s balance sheet, and a list of all third-party custodian contractors.

Additionally, the regulator must outline any potential obstacles to the reserve’s implementation and assess its impact on the Asset Forfeiture Fund.

The proposal stipulates that the department must provide a report within 90 days of the bill’s passage. The House of Representatives will review the document in full and, if approved, send it to the Senate.

Joyce expressed gratitude to the Appropriations Committee for advancing his initiative.

I am incredibly proud to see @HouseAppropsGOP advance my FY26 Financial Services and General Government Appropriations Bill. This legislation ensures the federal government is fiscally responsible, leverages new technology, and is focused on national security. pic.twitter.com/W23xcfCYNB

— Dave Joyce (@RepDaveJoyce) September 4, 2025

“This legislation ensures the federal government is fiscally responsible, leverages new technology, and is focused on national security,” he added.

On March 6, US President Donald Trump signed an order providing for the formation of the SBR from confiscated assets and the development of mechanisms to replenish it without taxpayer expense. Trump also instructed the creation of a separate fund for other digital currencies. 

The White House task force had 180 days to prepare a detailed report on the regulation of the crypto industry and the bitcoin reserve. Recommendations were presented at the end of July. There were few additional details about the proposed reserve. 

In August, the US Treasury excluded replenishing the SBR from the budget.