{"id":73906,"date":"2025-09-09T16:57:31","date_gmt":"2025-09-09T13:57:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73906"},"modified":"2025-09-09T17:00:14","modified_gmt":"2025-09-09T14:00:14","slug":"us-treasury-urged-to-clarify-bitcoin-reserve-mechanisms","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-treasury-urged-to-clarify-bitcoin-reserve-mechanisms\/","title":{"rendered":"US Treasury Urged to Clarify Bitcoin Reserve Mechanisms"},"content":{"rendered":"<p>The US Congress has drafted a <a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/5166\/text\">bill<\/a> instructing the Treasury Department to study and prepare a report on the economic and technical aspects of the country&#8217;s Strategic Bitcoin Reserve (SBR).<\/p>\n<p>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.<\/p>\n<p>The second section requires the Treasury to present a plan for interagency transfers, the procedure for reflecting assets on the federal government&#8217;s balance sheet, and a list of all third-party custodian contractors.<\/p>\n<p>Additionally, the regulator must outline any potential obstacles to the reserve&#8217;s implementation and assess its impact on the Asset Forfeiture Fund.<\/p>\n<p>The proposal stipulates that the department must provide a report within 90 days of the bill&#8217;s passage. The House of Representatives will review the document in full and, if approved, send it to the Senate.<\/p>\n<p>Joyce expressed gratitude to the Appropriations Committee for advancing his initiative.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I am incredibly proud to see <a href=\"https:\/\/twitter.com\/HouseAppropsGOP?ref_src=twsrc%5Etfw\">@HouseAppropsGOP<\/a> 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. <a href=\"https:\/\/t.co\/W23xcfCYNB\">pic.twitter.com\/W23xcfCYNB<\/a><\/p>\n<p>\u2014 Dave Joyce (@RepDaveJoyce) <a href=\"https:\/\/twitter.com\/RepDaveJoyce\/status\/1963413114348593370?ref_src=twsrc%5Etfw\">September 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis legislation ensures the federal government is fiscally responsible, leverages new technology, and is focused on national security,\u201d he added.<\/p>\n<\/blockquote>\n<p>On March 6, US President Donald Trump <a href=\"https:\/\/forklog.com\/en\/news\/trump-establishes-u-s-strategic-bitcoin-reserve\">signed<\/a> 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.\u00a0<\/p>\n<p>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 <a href=\"https:\/\/forklog.com\/en\/news\/white-house-unveils-cryptocurrency-regulation-guidelines\">presented<\/a> at the end of July. There were few additional details about the proposed reserve.\u00a0<\/p>\n<p>In August, the US Treasury <a href=\"https:\/\/forklog.com\/en\/news\/us-treasury-rules-out-budget-funded-bitcoin-reserve\">excluded<\/a> replenishing the SBR from the budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s Strategic Bitcoin Reserve.<\/p>\n","protected":false},"author":1,"featured_media":73907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"US Congress drafts bill for Treasury to report on Bitcoin Reserve.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1641,26],"class_list":["post-73906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-reserves","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"217","promo_type":"1","layout_type":"1","short_excerpt":"US Congress drafts bill for Treasury to report on Bitcoin Reserve.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73906"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73906\/revisions"}],"predecessor-version":[{"id":73909,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73906\/revisions\/73909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73907"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}