A U.S. Strategic Bitcoin Reserve bill is heading to committee markup.
The House Financial Services Committee will consider H.R. 8957 on September 16 as lawmakers decide whether to advance the legislation.
The bill explicitly prevents its Bitcoin acquisition study from authorizing new borrowing, taxes or deficit spending. It also allows proceeds from non-Bitcoin assets in the government’s Digital Asset Stockpile to be used to increase Bitcoin holdings or reduce the national debt.
The House Financial Services Committee will consider H.R. 8957 on September 16 as lawmakers decide whether to advance the legislation.
The bill explicitly prevents its Bitcoin acquisition study from authorizing new borrowing, taxes or deficit spending. It also allows proceeds from non-Bitcoin assets in the government’s Digital Asset Stockpile to be used to increase Bitcoin holdings or reduce the national debt.
