Bill > HR2032

This bill establishes a comprehensive framework for the United States government to create a Strategic Bitcoin Reserve, with the primary goal of acquiring and securely managing Bitcoin as a national asset. The legislation proposes purchasing 1,000,000 Bitcoins over five years through a carefully managed Bitcoin Purchase Program, with Bitcoins to be stored in a decentralized network of secure facilities across the United States. The bill mandates a minimum 20-year holding period for these assets and requires quarterly public reports and cryptographic proof of reserve to ensure transparency. The funding for this initiative will be offset by reducing Federal Reserve Bank surplus funds, using Federal Reserve gold certificate remittances, and leveraging earnings from the Exchange Stabilization Fund. The bill also allows voluntary state participation in storing Bitcoin and explicitly protects private property rights, ensuring that the government cannot seize or interfere with individuals' lawfully acquired Bitcoin holdings. Additionally, the legislation recognizes Bitcoin as a potentially strategic asset that could enhance U.S. financial resilience and position the country at the forefront of global financial innovation, drawing parallels to how gold reserves have traditionally served national financial security.

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https://www.congress.gov/bill/119th-congress/house-bill/2032/all-info