The US House of Representatives pushes ahead with the Bitcoin Reserve Act, and Trump signs an executive order establishing strategic asset status

According to Woofun AI, the US House Financial Services Committee officially promoted the Strategic Bitcoin Reserve Act on Wednesday, marking a key turning point in the legislative process. Bitcoin Policy Institute Executive Director Connor Brown characterized the move as a “historic step,” stressing that the bill is the first legislation authorized by the Federal Commission to establish secure storage facilities for bitcoins held by the US government, thus formally incorporating Bitcoin into the national strategic asset management system.

The political game behind the legislation is as remarkable as the procedural developments. Wisconsin Republican Congressman Brian Steyr strongly supports the bill. He pointed out that currently the storage methods for seized bitcoins are scattered and not uniform, which not only poses cybersecurity risks, but also causes serious flaws in accounts management at the federal level. The bill ultimately received a positive evaluation with 28 votes in favor and 21 against, which means it will be included in the House's legislative schedule.

Notably, this development came shortly after the Clarity Act failed to pass in a procedural Senate vote. Senator Angela Alsobrooks said bluntly that the Republicans “want this bill to fail,” while Circle (CRCL.US) CEO Jeremy Allair said that 90% of the negotiations on the Clarity Act have been completed. The bill must also go through a full vote in the House and Senate and be signed by President Donald Trump before finally becoming law.

In terms of specific provisions, the bill requires the government to hold all bitcoins for 20 years and strictly prohibits any form of sale, exchange, auction, or collateral of these assets. Meanwhile, the US Treasury and Commerce departments are being asked to find ways to further acquire more bitcoins without affecting the balance of the budget. Trump signed the relevant executive order in March 2025, deciding to fully use bitcoins obtained through criminal and civil asset forfeiture to fund this reserve plan.

According to data compiled by Woofun AI, the US government currently holds 324,527 bitcoins, which are worth around $24.77 billion. Benjamin Cowen pointed out that following the pattern of Bitcoin's price trend in the past, the price of the currency may drop to between $70,000 and $75,000 after the Golden Fork appears, adding an uncertain variable to market sentiment.

Real-time market dynamics reflect subtle fluctuations brought about by legislative developments. At the time of writing, Bitcoin was trading at $76,338, an increase of 0.61% in 24 hours. Although short-term price fluctuations are influenced by technical factors, breakthroughs at the legislative level are reshaping Bitcoin's macro narrative. This is a key step for the US government to further consolidate its digital asset reserves at the institutional level following the Executive Order's establishment of strategic asset status, which indicates the substantial tightening and standardization of the regulatory framework in the future.