Key facts
- U.S. House Bill H.R. 8957 has been officially published.
- The bill proposes the establishment of a Strategic Bitcoin Reserve.
- Federally held bitcoin within this reserve would be subject to a 20-year lock-up period.
- The proposed legislation includes mandates for proof-of-reserve mechanisms.
The full text of U.S. House Bill H.R. 8957 has been officially released, detailing a proposal to establish a Strategic Bitcoin Reserve. A key provision of the bill is a 20-year lock-up period for any bitcoin held by the federal government within this reserve. The legislation also mandates the implementation of proof-of-reserve protocols to ensure transparency and accountability for the assets held.