US lawmakers are advancing a new bill. It aims to legally lock up Bitcoin that the government has seized from civil and criminal cases for 20 years, effectively formalizing former President Trump's Bitcoin reserve policy.
US lawmakers are moving forward with a new piece of legislation. This bill seeks to formally establish a policy regarding Bitcoin reserves. It would mandate that all Bitcoin obtained by the government through legal seizures, both civil and criminal, be held for a period of two decades. This action aims to codify the Bitcoin reserve approach previously outlined by former President Trump, ensuring these digital assets remain securely stored by the state rather than being sold or used for other purposes in the short term. The bill represents a significant step in defining how the US government manages confiscated cryptocurrencies.
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