U.S. lawmakers are asking the Treasury to deliver a government-held Bitcoin feasibility and security report within 90 days. Representatives in the US House of Representatives, led by Rep. Kurt Watkins, pushed the bill to assess legal authority, custody, cybersecurity, and balance-sheet accounting. The Treasury report would evaluate whether federal asset management can include Bitcoin and how interagency transfers would work. This government-held Bitcoin feasibility and security report builds on an earlier Executive Order (Trump) that opened the door to federal crypto planning. If passed, the bill starts a fast timeline for Treasury analysis and policy recommendations.
Treasury report timeline
The bill directs Treasury to submit the government-held Bitcoin feasibility and security report ninety days after enactment. That tight deadline forces a focused review of custody architecture and cybersecurity safeguards. The Treasury report must outline operational impacts and propose interagency transfers processes. Lawmakers want clear milestones and risk controls before any federal asset management change. The US House of Representatives will use the report to decide next steps.
Custody architecture plans
A core section of the government-held Bitcoin feasibility and security report will examine custody architecture options. Treasury analysts will compare custodial models, cold storage, multi-party computation, and insurance coverages. The report will consider custody architecture standards that protect public funds. Proper custody design will aim to reduce single-point failures and insider risks.
Cybersecurity and custody
Cybersecurity features heavily in the government-held Bitcoin feasibility and security report. The Treasury must detail defensive measures against hacks, ransomware, and supply-chain risks. Cyber posture, third-party audits, and incident response plans will be evaluated. Strong cybersecurity is essential for any government-held Bitcoin program to gain public trust.
Balance-sheet accounting guide
The bill also asks Treasury to clarify balance-sheet accounting for digital assets. The government-held Bitcoin feasibility and security report will recommend how Bitcoin appears on federal financial statements. Accounting treatment affects transparency, fiscal policy, and market signaling. Clear rules will help agencies manage volatility and reporting obligations.
What comes next
After the government-held Bitcoin feasibility and security report lands, Congress could draft follow-up legislation. Agencies may pilot custody models or issue guidance for interagency transfers. Industry watchers expect the findings to influence custody standards across public and private sectors. The report could set federal benchmarks tied to the earlier Executive Order (Trump).
Frequently asked questions about government-held Bitcoin feasibility and security report (FAQ)
Who requested the report?
Members of the US House of Representatives, including Rep. Kurt Watkins, pushed the bill.
What will the report cover?
The Treasury report will cover custody architecture, cybersecurity, interagency transfers, and balance-sheet accounting.
How soon must Treasury act?
The bill requires Treasury to submit the government-held Bitcoin feasibility and security report within 90 days of passage.
Why does this matter for Bitcoin markets?
Federal standards could shape custody best practices and influence institutional adoption of Bitcoin.
Could this lead to the government holding Bitcoin?
The report assesses feasibility and risks; any acquisition would depend on legal authority and Congress.
