A new US house bill seeks to formalize the existing government holdings of Bitcoin, potentially setting the stage for a national Bitcoin reserve. The Financial Services and General Government Appropriations Act of 2026 mandates the Treasury Secretary to analyze feasibility and propose a strategic framework for the reserve. This follows President Trump’s March executive order which directed the creation of a Strategic Bitcoin Reserve from seized cryptocurrency. The bill directs the Treasury Department to conduct a feasibility study on creating such a reserve within 90 days of enactment, covering aspects like legal and technical barriers, impact on forfeiture funds, accounting methods for digital assets, and security protocols for their custody. It emphasizes the strategic advantage of holding Bitcoin as part of government reserves compared to selling them.