Bitcoin News

Story: Congress Advances American Reserve Modernization Act to Secure 324,527 Bitcoin in Federal…

By Evie Vavasseur

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What the Bill Actually Requires. The legislation comes with teeth on the transparency side.

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Who's Watching and What Comes Next. The bill's got attention from outside Congress too. Bitcoin Policy Institute executive director…

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Broader Stakes for Digital Asset Policy. It's worth stepping back. The U.S. holding $24.7 billion in Bitcoin and having no consistent…

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U.S. lawmakers moved fast. The House Committee on Financial Services cleared H.R. 8957 — the American Reserve Modernization Act of 2026 — with a 28-21 vote, pushing Washington…

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The bill, introduced by Representative Nicholas Begich, wants to do two things at once: create a Strategic Bitcoin Reserve and stand up a Digital Asset Stockpile under the…

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Current estimates put U.S. government Bitcoin holdings at roughly 324,527 BTC, worth around $24.7 billion.

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The legislation comes with teeth on the transparency side. Every federal agency would have to account for its digital asset holdings.

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There's also a provision encouraging states to store their own Bitcoin inside the Federal Reserve system, giving them a centralized, federally overseen option rather than…

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And the bill calls for a study on budget-neutral strategies to expand the Strategic Bitcoin Reserve over time — meaning the government would look at ways to grow its holdings…

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More context: Bitcoin Remains Steady as Fed Signals More Rate Hikes Ahead

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One piece that'll probably get less attention but matters: H.R. 8957 explicitly reaffirms the rights of private Bitcoin ownership and self-custody.

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The bill's got attention from outside Congress too. Bitcoin Policy Institute executive director Connor Brown and Strive CEO Matt Cole have both weighed in on its potential impact…

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But a committee vote is not a law. Not even close. H.R. 8957 still needs to pass the full House, then clear the Senate, then land on the President's desk.

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The timing matters too. Trump's executive order establishing the Bitcoin reserve was always vulnerable to reversal by a future administration.

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It's worth stepping back. The U.S. holding $24.7 billion in Bitcoin and having no consistent federal framework for managing it is a pretty wild situation when you say it out loud.

The Currency Analytics

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