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20-Year Bitcoin Freeze Imposed by Lawmakers! What It Means for Your Wallet

20-Year Bitcoin Freeze Imposed by Lawmakers! What It Means for Your Wallet

Your wallet might never recover! A shocking new bill just passed by lawmakers could put a freeze on federal Bitcoin holdings for two decades. The American Reserve Modernization Act of 2026, sponsored by Rep. Nicholas Begich, aims to establish a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Treasury Department. But here's the kicker: any Bitcoin deposited in the reserve would be stuck there for at least 20 years from enactment, with no selling, swapping, or auctioning allowed. The bill's framework applies to qualifying government-owned holdings, not establishing a reserve balance from everything an agency controls. A study would assess further Bitcoin purchases, but for now, the focus is on how Washington holds and accounts for assets it owns. The proposed reporting system would make that custody subject to recurring checks, with public cryptographic proof of reserves, annual reports, and verification by an independent third-party auditor. The clock is tied to enactment, rather than the date of each deposit. The committee vote therefore does not start the holding period. The bill's framework would require retention of assets, leaving any proposed exceptions for early sales for a separate legislative decision. Will this freeze on federal Bitcoin holdings be the next big thing in crypto? Stay tuned to find out! Don't forget to subscribe to our channel for the latest news and updates.

Tags/Hashtags: #commerce #treasury #commerce

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