TechFlow reports that on June 5, the U.S. House of Representatives introduced H.R. 8957, the “U.S. Reserve Modernization Act of 2026,” which proposes requiring the Department of the Treasury to establish a “Strategic Bitcoin Reserve” and a “Digital Asset Repository” within 180 days after the bill’s enactment, to centrally hold Bitcoin and other digital assets owned by the federal government.
Under the bill, Bitcoin held in the Strategic Bitcoin Reserve must, in principle, be held for at least 20 years, during which time it may not be sold, exchanged, or otherwise disposed of. The bill also mandates the establishment of a proof-of-reserves system, requiring quarterly disclosures of holdings, transactions, and proof of private key control, subject to independent third-party audits. Additionally, the bill requires a study on the feasibility of increasing Bitcoin holdings over the next five years in a budget-neutral manner.
