Today's gold star is AeroVironment. Today's white star is Micron.
House Financial Services Committee advances a Strategic Bitcoin Reserve bill
read on XH.R. 8957, the American Reserve Modernization Act, cleared the committee 28 to 21. It would put the Treasury in charge of a Strategic Bitcoin Reserve, lock those coins for at least 20 years, and require quarterly proof-of-reserve audits. The text would write a 2025 executive order into statute. The United States already holds on the order of 324,000 to 328,000 bitcoin from forfeitures. The bill does not order new market purchases. It still needs the full House, then the Senate. The markup came a day after the Senate blocked the Crypto Clarity Act.