House Committee Advances Bill to Create Strategic Bitcoin Reserve

A House committee has passed a bill to establish a permanent bitcoin reserve, a move that would bring Donald Trump's 2020 plan to fruition. The bill, which is still in its early stages, would require the Secretary of the Treasury to hold and manage a reserve of bitcoin. This would be the first time the US government has officially acknowledged a strategic reserve of the cryptocurrency. The move is seen as a step towards greater recognition of bitcoin as a legitimate asset class.