A new appropriations bill introduced in Congress would require the Treasury Department to deliver a detailed blueprint on how to establish and manage the Strategic Bitcoin Reserve ordered earlier this year by President Donald Trump.
The proposal, led by Rep. David P. Joyce, directs the Treasury to examine custody, cybersecurity, legal authority, and accounting treatment for any Bitcoin and digital assets it manages. Lawmakers also want a plan for interagency coordination and a list of outside firms that might be tapped for storage. The department would have 90 days to respond once the bill becomes law.
While Trump’s March executive order launched the reserve concept, this measure represents the first attempt to give it congressional weight. Treasury Secretary Scott Bessent has already signaled interest in building the reserve through “budget-neutral” means, including repurposing seized crypto assets.
Supporters argue that building a Bitcoin reserve is not only a financial hedge but also a matter of national security. Joyce praised the bill’s advancement, saying it ensures the government can “leverage new technology” while protecting fiscal stability. The legislation still needs approval from the full House and Senate before it becomes binding.
The U.S. is not alone in exploring the idea. Kazakhstan recently floated plans for a state-backed digital asset fund, while lawmakers in the Philippines are considering a strategic purchase of 10,000 BTC. If adopted, that would make the Philippines the first Southeast Asian nation to treat Bitcoin as a sovereign reserve.
Governments already collectively hold more than 517,000 BTC — nearly 2.5% of supply — according to industry data. With the world’s largest economy now weighing its own framework, the competition over who controls strategic Bitcoin reserves appears to be entering a new phase.
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