Bitcoin Reserve Bill Clearing House Committee a 'Historic Step,' Says This Advocate: Holding BTC a 'Common-Sense Policy'

Conner Brown, Executive Director at the Bitcoin Policy Institute, welcomed the House Financial Services Committee’s advancement of the Strategic Bitcoin Reserve Bill on Wednesday.‘Strategic National Asset’Brown described the passage as a “genuinely historic step” for Bitcoin policy as it marked the first federal committee approval of legislation authorizing a secure storage facility for the U.S. government’s BTC holdings.“ARMA [American Reserve Modernization Act] is common-sense policy: secure the Bitcoin America already owns and steward it as the strategic national asset it is,” he added.A genuinely historic step for Bitcoin policy today.For the first time, a Strategic Bitcoin Reserve bill was considered by a federal committee and it passed.ARMA is common-sense policy: secure the Bitcoin America already owns and steward it as the strategic national asset it… What Happens Next?Rep. Bryan Steil (R-Wis.) strongly backed the bill, arguing that “fragmented and inconistent custody” of seized Bitcoin creates cybersecurity vulnerabilities and inadequate federal accounting.The bill was “ordered to be reported favorably” by a 28-21 vote, which means it will be placed on the House legislative calendar.It must still pass a floor vote in the House and the Senate and then be signed by President Donald Trump before it can become law. Read Also: US to Become BTC HODLer?The bill requires the government , prohibiting any sale, swap, auction, or pledge of the holdings. It also directs the Treasury and Commerce Departments to find budget-neutral ways to acquire more BTC.Trump signed  in March 2025, funding the reserve entirely with Bitcoin already held through criminal and civil asset forfeiture.The U.S. government holds 324,527 BTC, worth approximately $24.77 billion, according to on-chain analytics firm Arkham.This development comes shortly after the in the Senate procedural vote.Price Action: At the time of writing, BTC was exchanging hands at $76,338, up 0.61% in the last 24 hours, according to data from Benzinga Pro. Read Also: Circle CEO Says CLARITY Talks Are ‘90%’ There: What Do Prediction Markets Say? Photo: Hi my name is Jacco on Shutterstock.com