crypto.news and UNLOCK Blockchain both cover the House Financial Services Committee's 28-21 vote on H.R. 8957 but disagree on whether the final reporting requirement is annual or quarterly.

crypto.news and UNLOCK Blockchain both cover the House Financial Services Committee's 28-21 vote on H.R. 8957 but disagree on whether the final reporting requirement is annual or quarterly.

What all sources agree on

  • The U.S. House Financial Services Committee advanced H.R. 8957, the American Reserve Modernization Act of 2026, in a vote on September 16.

  • The vote was 28-21.

  • The bill imposes a minimum 20-year holding period for Bitcoin deposited into the Strategic Bitcoin Reserve.

  • Bitcoin in the reserve could not be sold, swapped, auctioned, encumbered or otherwise disposed of during the holding period.

  • Two years before the end of the holding period, the Treasury secretary would be required to provide Congress with recommendations on whether to continue holding the Bitcoin or begin a controlled release.

  • The bill does not require the government to purchase a specified amount of Bitcoin.

  • The bill was introduced in May by Rep. Nick Begich of Alaska.

  • The legislation would establish a separate Digital Asset Stockpile for non-Bitcoin digital assets.

Where the reports disagree

1Whether the proof-of-reserve reporting requirement is annual or quarterly

Annual proof-of-reserve reporting replaced the original quarterly schedule under the committee-approved substitute amendment on Wednesday.

crypto.news 2026-09-17 05:38

The bill also calls for quarterly public reporting of reserve holdings and transactions, including cryptographic proof that the government controls the assets.

UNLOCK Blockchain 2026-09-17 06:37

What would settle it: The House Financial Services Committee's official markup record and the text of the committee-approved substitute amendment to H.R. 8957.

What to make of it

Treat the 28-21 vote, the 20-year holding period, and the absence of a mandated Bitcoin purchase quota as established; the reporting frequency (annual vs. quarterly) should be treated as unresolved until the committee's published substitute-amendment text is checked directly.

Treat the 28-21 vote, the 20-year holding period, and the absence of a mandated Bitcoin purchase quota as established; the reporting frequency (annual vs. quarterly) should be treated as unresolved until the committee's published substitute-amendment text is checked directly.

Update 17 Sep 2026, 07:46 UTC · added by CoinTurk News EN

CoinTurk News EN identifies the legislation as the American Reserve Modernization Act (ARMA), sponsored by Representative Nicholas Begich, and reports it would lock roughly $24.7 billion in Bitcoin for 20 years as part of establishing a federal Strategic Bitcoin Reserve.

Originally reported by AltcoinGordon, written by Amelia Brooks. Republished with permission.

View the original on AltcoinGordon →

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