Bitcoin Reserve Bill Clearing House Committee a 'Historic Step,' Says This Advocate: Holding BTC a 'Common-Sense Policy'

The House Financial Services Committee has advanced the Strategic Bitcoin Reserve Bill, marking the first federal committee approval for legislation that would authorize secure storage for the U.S. government's Bitcoin holdings. The bill was approved by a 28-21 vote and requires the government to retain all Bitcoin for 20 years, prohibiting any sales or swaps. Currently, the U.S. government holds approximately 324,527 BTC, valued at around $24.77 billion. The bill must still pass a floor vote in the House and Senate before being signed into law.