U.S. House Hearing in New York to Discuss Bitcoin Reserve Bill

The House’s CLARITY Act field hearing in New York will also discuss H.R. 8957, the U.S. Reserve Modernization Act, which would establish a U.S. strategic bitcoin reserve. According to Odaily, the proposal would authorize the Treasury Department to acquire bitcoin through budget-neutral mechanisms rather than new taxpayer spending, and would require regular audits, secure custody standards, and transparency over government bitcoin holdings. Supporters said ARMA would treat bitcoin as a long-term strategic reserve asset alongside other national reserves. The hearing will focus on how the CLARITY Act could support digital asset innovation, while ARMA’s inclusion on the agenda shows that congressional discussion of a federal bitcoin reserve is continuing.