US House Financial Services Committee passes bitcoin reserve bill 28-21, freezing held BTC for 20 years

The US House Financial Services Committee passed the American Reserve Modernization Act (H.R. 8957) by 28-21, which would lock the government's existing bitcoin holdings in a strategic reserve for at least 20 years, restricting sales and swaps and requiring quarterly third-party audits of holdings. The bill does not mandate new bitcoin purchases.

Detected & updated continuously · Source: Nebula