US Lawmakers Push for Bitcoin Reserve as Global Interest Grows

US lawmakers have introduced legislation that could mark a significant step toward creating a Bitcoin reserve and digital asset stockpile for the federal government. Representative David P. Joyce introduced the House appropriations bill on Friday, which directs the US Treasury Department to study the feasibility, legal framework, custody requirements, and cybersecurity considerations for crypto holding. The Treasury is required to submit its report within 90 days of the bill’s enactment.

The bill outlines several areas for the Treasury’s assessment, including how digital assets would be accounted for in the government’s balance sheet, plans for interagency transfers, and the involvement of third-party custodians. 

It also asks the Treasury to identify potential challenges to implementation and analyze the reserve’s impact on the Forfeiture Fund, a government account that holds seized assets.

Strategic Bitcoin Reserve Gains Momentum

The push for a Bitcoin reserve follows an executive order signed by President Donald Trump in March, which aimed to establish both a strategic Bitcoin reserve and a digital asset stockpile using government-confiscated crypto assets. Treasury Secretary Scott Bessent confirmed that the agency is exploring “budget-neutral pathways” to develop the reserve without increasing overall spending.

Representative Joyce, in a post on social media platform X, thanked the House Appropriations Committee for advancing the bill. He highlighted that the legislation ensures the federal government remains “fiscally responsible,” embraces technological innovation, and focuses on national security.

If approved by the full House, the bill will be forwarded to the Senate for consideration. It reflects growing bipartisan interest in integrating digital assets into broader fiscal policy.

Global Interest in Crypto Reserves Accelerates

The move aligns with similar efforts abroad. Kazakhstan’s President Kassym-Jomart Tokayev recently proposed creating a state fund to accumulate promising digital assets, while the Philippines’ Congress considered establishing a reserve of 10,000 Bitcoin, potentially becoming Southeast Asia’s first nation to adopt Bitcoin reserve.

Globally, countries now hold over 517,000 BTC, which accounts for 2.46% of Bitcoin’s total supply, according to data from Bitbo. 

As nations race to secure crypto assets, the US appears poised to formalize its stance through structured policies, possibly reshaping the future of government-held digital assets.