Browsing: Reserve

Fed raises rates 25 bps to 3.75%–4.00% in a unanimous decision, first hike since 2023. Bitcoin hovered around $76,000 with little immediate movement after the announcement.

The US House Committee on Financial Services voted 28-21 on Sept. 16 to advance legislation that would write President Donald Trump’s strategic Bitcoin (BTC) reserve executive order into permanent federal law.

Rep. Nicholas J. Begich (R-AK) introduced H.R. 8957, the American Reserve Modernization Act of 2026, on May 21, 2026. The proposal would establish a Treasury-managed Strategic Bitcoin Reserve and impose a minimum 20-year holding period on BTC USD placed in it, according to the bill text published on Congress.gov.

Bitget has expanded its Proof of Reserves from four cryptocurrencies to 19 assets, letting more users check whether exchange funds back their deposits.

Two House committees advanced major crypto bills Wednesday, covering a federal Strategic Bitcoin Reserve and the taxation of digital assets.

The US House Financial Services Committee has voted to advance the unprecedented Strategic Bitcoin Reserve, now known as the American Reserve Modernization Act of 2026 (H.R. 8957). Despite this development, the odds of the proposal becoming law by 2027 are now as low as 6%, down from a 60% high in December.

Conner Brown, Executive Director at the Bitcoin Policy Institute, welcomed the House Financial Services Committee’s advancement of the Strategic Bitcoin Reserve Bill on Wednesday.

Washington’s broader crypto push just suffered a major defeat, but the Strategic Bitcoin Reserve is moving separately through Congress.

The crypto news that matters most this week is not about price charts. The House Financial Services Committee votes today on H.R. 8957, the bill that would lock 328,000 seized Bitcoin into a federal reserve for 20 years, per KuCoin. The Fed also gives its rate call today with hike odds at 87%, per CoinGabbar.

H.R. 8957, the Strategic Bitcoin Reserve bill, heads to the House Financial Services Committee Wednesday for its first formal Congressional consideration.