US Strategic Bitcoin Reserve Gains Bipartisan Support in Congress: CryptoDailyInk

The U.S. government is moving toward formalizing its digital asset holdings, as Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, confirmed bipartisan support for legislation to codify the Strategic Bitcoin Reserve. While the policy was initiated via executive order in 2025, current efforts are focused on transitioning the reserve from a temporary administrative directive into permanent statutory law.

Why is the US moving to codify the Bitcoin Reserve now?

Since President Donald Trump signed the executive order on March 6, 2025, the reserve has existed primarily as an executive branch policy. While this order mandated that the Treasury create an office to manage forfeited BTC and develop "budget-neutral" acquisition strategies, it lacks the permanence of Congressional legislation.

According to Bitcoinist, the administration has successfully navigated internal reporting deadlines, but the public remains in the dark regarding the specific volume of BTC held in the reserve. By pushing for a formal bill, the administration aims to:

• Institutionalize the holdings: Remove the risk of future administrations easily reversing the policy.
• Enhance Transparency: Move beyond internal Treasury reporting toward a clearer regulatory framework.
• Secure Funding: Integrate the reserve into "must-pass" legislation, such as the National Defense Authorization Act (NDAA).

What are the current hurdles for the Strategic Bitcoin Reserve?

Despite the "bipartisan support" mentioned by Witt, the timeline remains fluid. The primary challenge is legislative bandwidth. While the executive order established the operational foundation, the transition to a statutory framework requires a floor vote that may not occur until the next Congress.

Timeline of the Strategic Bitcoin Reserve

Is the reserve already accumulating Bitcoin?