Coinbase discusses national bitcoin reserve with US Treasury and Commerce Departments
- —Coinbase is in talks with the US Treasury and Commerce Departments on a bitcoin reserve
- —The House committee approved H.R. 8957 by a 28-21 vote on September 16
- —The US government owns 324,527 BTC worth $26.98 billion, according to Arkham
- —The reserve was created by Trump's executive order in March 2025, and selling confiscated BTC is prohibited
Why it matters: Legislative enshrinement of the reserve would reinforce bitcoin's perception as a sovereign reserve asset, but rapid BTC purchases should not be expected.
Source: Siam Blockchain