Full Text of Strategic Bitcoin Reserve Bill Officially Published, Revealing 20-Year Lock-Up, Proof-of-Reserve Mandates

The full text of H.R. 8957, the Strategic Bitcoin Reserve bill, has been officially published, revealing significant details about its provisions. The bill proposes a 20-year lock-up period for any bitcoin held by the federal government, ensuring long-term holding strategies. Additionally, it mandates proof-of-reserve requirements for any entities participating in the reserve, aiming to enhance transparency and trust.

The bill, written by Micah Zimmerman and published by Bitcoin Magazine, outlines the framework for the Strategic Bitcoin Reserve. The 20-year lock-up is designed to stabilize the market by preventing short-term sales and ensuring the reserve's stability over time.