🇺🇸 The US could freeze about $25 billion in Bitcoin
A US House of Representatives committee advanced the American Reserve Modernization Act (H.R. 8957) — a bill intended to establish a strategic Bitcoin reserve under the control of the US Treasury.
📌 The bill provides for a minimum 20-year period of holding BTC in reserve without selling or liquidating.
According to blockchain analysts, the US government controls about 324k BTC, which at current prices is valued at roughly $25 billion. At the same time, not all of these coins will necessarily meet the conditions to be included in the reserve.
⚠️ Important: this is only a bill for now. After the committee, it still has to be considered by the House of Representatives and the Senate, and then the document must be signed by the president.
💡 Why is this important for the crypto market?
If the law is passed, part of the government’s BTC holdings could be effectively removed from potential selling for a long period.
For Bitcoin, this would mean another example of how cryptocurrency is gradually being integrated into the US government’s financial infrastructure. #BTC
A US House of Representatives committee advanced the American Reserve Modernization Act (H.R. 8957) — a bill intended to establish a strategic Bitcoin reserve under the control of the US Treasury.
📌 The bill provides for a minimum 20-year period of holding BTC in reserve without selling or liquidating.
According to blockchain analysts, the US government controls about 324k BTC, which at current prices is valued at roughly $25 billion. At the same time, not all of these coins will necessarily meet the conditions to be included in the reserve.
⚠️ Important: this is only a bill for now. After the committee, it still has to be considered by the House of Representatives and the Senate, and then the document must be signed by the president.
💡 Why is this important for the crypto market?
If the law is passed, part of the government’s BTC holdings could be effectively removed from potential selling for a long period.
For Bitcoin, this would mean another example of how cryptocurrency is gradually being integrated into the US government’s financial infrastructure. #BTC
