House committee approves U.S. bitcoin reserve bill with 20-year holding period
- —The House committee approved H.R. 8957 by a 28-21 vote
- —The bill bars the sale of federal BTC for 20 years
- —The Treasury will create the reserve and digital stockpile within 180 days
- —The U.S. government is linked to about 324,527 BTC
Why it matters: Enshrining the reserve in law would protect it from reversal by future presidents and reduce selling pressure on the market.
Source: Bitcoin.com