US lawmakers have introduced a bill for the US Treasury to assess the feasibility of a Strategic Bitcoin Reserve and digital asset stockpile ordered by President Trump. The bill requires a report on custody, legal authority, and cybersecurity measures for federal government-held digital assets within 90 days of enactment.

The bill also mandates a plan for interagency transfers, representation on the government’s balance sheet, and potential hurdles to implementation. President Trump signed an executive order in March for the Bitcoin Reserve and digital asset stockpile. The bill must pass the full House before moving to the Senate.

In Central Asia, Kazakhstan’s president plans a strategic crypto reserve, while the Philippines considers a strategic reserve of 10,000 Bitcoin. Currently, countries hold over 517,000 BTC in reserves, totaling 2.46% of Bitcoin’s total supply. Other countries are ramping up efforts for crypto reserves to secure digital assets in the changing financial landscape.

Read more at Cointelegraph: Congress bill mandates Treasury report on strategic bitcoin reserve