House Discusses H.R.8957 Strategic Bitcoin Reserve Act at CLARITY Act Hearing on July 17

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According to Bitcoin News, the House held a CLARITY Act hearing in New York on July 17 to discuss H.R.8957, the Strategic Bitcoin Reserve Act, which would authorize the Treasury to acquire Bitcoin through budget-neutral mechanisms without increasing taxpayer costs. The proposal requires regular audits, security custody standards, and transparency for government Bitcoin holdings, positioning Bitcoin as a long-term strategic reserve asset alongside other national reserves.
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