๐ฅ๐ฅ BREAKING: The U.S. House Financial Services Committee advanced the American Reserve Modernization Act of 2026 (H.R. 8957) by a vote of 28-21 on September 16, 2026 .$APM $ONE
๐๏ธ What the Bill Does
If enacted, the bill would formally establish a Strategic Bitcoin Reserve within the Treasury Department, moving beyond the current executive order .
ยท 20-Year Lock-Up: Bitcoin deposited into the reserve could not be sold, swapped, or disposed of for 20 years .
ยท What It Covers: It would centralize federal custody of Bitcoin and other digital assets seized via forfeiture or owned by the government .
ยท No New Purchases: The bill does not authorize buying new Bitcoin with taxpayer funds. It only orders a study on budget-neutral acquisition methods .
โ๏ธ Political Split & Next Steps
The vote fell strictly along party lines, with all 28 Republicans in favor and all 21 Democrats against. A Democratic amendment regarding conflicts of interest failed along the same split .
The bill must still pass the full House and the Senate before it can become law .
๐๏ธ What the Bill Does
If enacted, the bill would formally establish a Strategic Bitcoin Reserve within the Treasury Department, moving beyond the current executive order .
ยท 20-Year Lock-Up: Bitcoin deposited into the reserve could not be sold, swapped, or disposed of for 20 years .
ยท What It Covers: It would centralize federal custody of Bitcoin and other digital assets seized via forfeiture or owned by the government .
ยท No New Purchases: The bill does not authorize buying new Bitcoin with taxpayer funds. It only orders a study on budget-neutral acquisition methods .
โ๏ธ Political Split & Next Steps
The vote fell strictly along party lines, with all 28 Republicans in favor and all 21 Democrats against. A Democratic amendment regarding conflicts of interest failed along the same split .
The bill must still pass the full House and the Senate before it can become law .
