The US House of Representatives has directed the Treasury Department to evaluate the feasibility and technical challenges of establishing a strategic Bitcoin reserve. The bill, introduced by Representative David P. Joyce, compels the agency to report on the practical aspects, including custody, legal compliance, cybersecurity, and interagency transfer protocols within 90 days. Additionally, the bill mandates the Treasury Department outline its plan for managing the assets, their representation in the federal government’s balance sheet, and any third-party contractors involved. The bill also seeks to assess potential hurdles in implementing such a reserve, particularly its impact on the Department of the Treasury Forfeiture Fund, and examines whether it would create a fiscal burden. This move follows President Donald Trump’s executive order in March establishing a strategic Bitcoin reserve and digital asset stockpile, utilizing confiscated crypto for both funds. The bill signifies an advance toward developing a US Bitcoin reserve.