Overview

• The House-reported financial services spending bill directs Treasury to deliver, within 90 days of enactment, a public plan for custody architecture, legal authorities, cybersecurity controls and interagency workflows for federal digital assets.
• Companion language orders a feasibility report on establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, including effects on the Treasury Forfeiture Fund and how assets would be presented on the federal balance sheet.
• The proposal requires transparency on potential third‑party custodians that could manage government‑held crypto and outlines procedures for interagency transfers and safekeeping.
• The bill has been placed on the Union Calendar after committee approval and still must pass the full House and Senate, and it does not authorize purchases of Bitcoin or immediate asset transfers.
• Legal and industry experts say a Treasury-defined custody and accounting regime could set de facto standards across the market, building on the administration’s earlier directive while seeking budget‑neutral approaches centered on seized assets.