The US Congress promotes research on Bitcoin reserves, requiring the Treasury Department to submit a feasibility report within 90 days.
According to ChainCatcher, based on relevant documents, U.S. Congressman David P. Joyce has submitted an appropriations bill requiring the Treasury Department to submit a report within 90 days of the bill's enactment on the feasibility and technical considerations of establishing a strategic bitcoin reserve and digital asset reserve. The report should cover aspects such as custody methods, legal authorization, cybersecurity measures, interdepartmental transfers, the presentation of assets on the Treasury's balance sheet, and third-party custodians.
The report must also assess implementation obstacles and the impact on the Treasury's forfeiture fund. In March of this year, President Trump signed an executive order to establish a strategic bitcoin reserve and digital asset reserve. Treasury Secretary Scott Bessent stated that they are exploring "budget-neutral" ways to expand bitcoin reserves. Currently, countries around the world hold more than 517,000 bitcoins in reserves, accounting for 2.46% of the total supply.
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