Summary
- A U.S. House committee introduced bill HR5166 ordering the establishment of a custody and management plan for the federal government's Bitcoin strategic reserves.
- The bill appears to include plans to securely custody government-held Bitcoin and virtual assets, cybersecurity, and transfer procedures.
- If the bill passes, the impact of Bitcoin reserves on financial stability and the federal government's financial statements will also be reviewed, and the Secretary of the Treasury must report the custody plan within 90 days.
On the 9th (Korea time), according to Bitcoin Magazine, a U.S. House committee introduced bill HR5166 ordering the establishment of a custody and management plan for the federal government's strategic Bitcoin reserves.
The bill appears to include plans to securely custody Bitcoin and virtual assets (cryptocurrencies) acquired by the federal government, cybersecurity, and transfer procedures. It also directs a review of the impact that Bitcoin reserves may have on financial stability and the federal government's financial statements.
If the bill passes, the Secretary of the Treasury must report the virtual asset custody plan to the House and the Senate within 90 days.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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