Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile
Establishes a Strategic Bitcoin Reserve using Bitcoin already in federal custody (primarily from seizures and forfeitures) and creates a broader Digital Asset Stockpile for other cryptocurrencies.
Section by Section
What each section does, and how they differ.
Bitcoin is a secure, fixed-supply cryptocurrency often called digital gold. United States Government holds significant amounts of Bitcoin but lacks policy to maximize its strategic value. Like other national resources, digital assets should be actively managed to strengthen national prosperity.
United States will establish a Strategic Bitcoin Reserve from seized Bitcoin and a United States Digital Asset Stockpile for other seized digital assets to serve as secure accounts for orderly strategic management of Federal holdings.
Treasury shall establish offices to administer a Strategic Bitcoin Reserve (all seized Bitcoin not needed for legal requirements) and Digital Asset Stockpile (all other seized digital assets). Bitcoin shall never be sold and maintained as reserve assets; Treasury and Commerce shall develop strategies for acquiring additional Bitcoin if budget neutral. Agencies must report all digital assets within 30 days and cannot sell without Treasury authorization, court order, or victim restitution.
All agencies must provide full accounting of Government digital assets to Treasury and President's Working Group on Digital Asset Markets within 30 days, including custodial account information necessary for transfer to the reserves.
Standard boilerplate: preserves existing agency authority, conditions the order on appropriations, and creates no enforceable private rights.