Full Text of Strategic Bitcoin Reserve Bill Officially Published, Revealing 20-Year Lock-Up, Proof-of-Reserve Mandates

📰 Bitcoin Magazine


📈 Bullish

AI Summary

The U.S. House bill H.R. 8957 for a Strategic Bitcoin Reserve has been published, showing the government would lock up its Bitcoin holdings for 20 years and must provide proof-of-reserves. This represents formal legislative movement toward the U.S. government establishing a long-term Bitcoin treasury position.

Market Impact

This news could drive immediate buying pressure as traders anticipate reduced future supply and institutional legitimacy. The 20-year lock-up provision particularly signals strong government conviction in Bitcoin's long-term value.

💡 Trader Note: Watch for breakout above recent resistance levels on volume as this news could catalyze institutional FOMO and momentum buying from traders positioning ahead of potential government adoption.