United States lawmakers are moving forward with legislation designed to officially establish a Bitcoin reserve policy previously associated with the Trump administration. This proposed bill seeks to formalize the government's approach to managing Bitcoin acquired through legal seizures.
The legislation specifically mandates that Bitcoin obtained through either civil or criminal forfeiture proceedings will be securely held for an extended period. Under the terms of the advanced bill, these forfeited digital assets would remain locked up for a duration of 20 years, creating a fixed long term hold.