The U.S. Congress will promote research on Bitcoin reserves and request the Treasury Department to submit a feasibility report within 90 days

ChainCatcher news, according to relevant document information, U.S. Congressman David P. Joyce has submitted an appropriations bill requiring the Treasury Department to submit a report on the feasibility and technical considerations of a strategic Bitcoin reserve and digital asset reserve within 90 days of the bill's enactment. The report should cover aspects such as custody methods, legal authorization, cybersecurity measures, inter-agency transfers, the presentation of assets on the Treasury's balance sheet, and third-party custodians.

The report must also assess implementation barriers and the impact on the Treasury's forfeiture fund. In March of this year, President Trump signed an executive order to establish a strategic Bitcoin reserve and digital asset reserve. Treasury Secretary Scott Bessent stated that they are exploring "budget-neutral" ways to expand Bitcoin reserves. Currently, the global Bitcoin reserves held by various countries have exceeded 517,000, accounting for 2.46% of the total supply.