Radhika Parashar
- President Trump wishes to create a crypto stockpile and BTC reserve as a long term store of value
- The Congress wishes to gain an in-depth understanding of the impact of this plan
- The Treasury department have been given 90 days to compile the report
U.S. President Donald Trump’s plan to create a Bitcoin Treasury is now emerging as a topic of discussion among regulators there. This week, the U.S. Congress has asked the Treasury Department to conduct an in-depth analysis on multiple angles around the planned BTC reserve and submit a report on the same within 90 days.
The U.S. is undergoing a major policy overhaul, majorly focused on making its market conducive and accommodative of the crypto sector. President Trump’s BTC reserve plan is part of his newfound support for the digital assets sector — which had taken centerstage during his campaign last year.
The lawmakers have highlighted the need to understand the pros and cons of establishing this reserve via Congressman Dave Joyce’s “FY26 Financial Services and General Government Appropriations Bill”.
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“This legislation ensures the federal government is fiscally responsible, leverages new technology, and is focused on national security,” Joyce said, announcing that the House Appropriations have advanced his bill.
The Treasury Department have been asked to assess the custody, legalities, feasibility, and cybersecurity angles around the BTC reserve.
“The Secretary of the Treasury is directed to issue a report on the practicability of establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, a description of how Bitcoin and digital assets would appear on the federal government’s balance sheet, and all third party contractors responsible for the custody of the assets, the bill says.
According to President Trump’s plan, BTC and crypto assets seized during investigations will be allocated towards these stockpiles. The idea is to keep them as a long-term store of value.
As part of its assessment, the lawmakers also want to know how will the creation of these crypto reserves impact the Treasury Forfeiture Fund (TFF) — that manages assets that have been seized and forfeited by various federal law enforcement agencies.
“The Treasury shall submit a report outlining plan for the secure and efficient custody of the digital assets acquired by the Federal government. The report shall describe the custody architecture, legal authorities, cybersecurity protocols, and interagency procedures for transferring and holding digital assets,” the directive noted.
