Code · BILL · 119th Congress · S. 954 (Introduced in Senate) — To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings... · Sec. 7

Sec. 7. Consolidation of Government Bitcoin Holdings

78 words·~1 min read·/bill/119/s/954/is/section-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Beginning on the date of enactment of this Act, any Bitcoin under the control of any Federal agency, including the United States Marshal Service, shall— not be sold, swapped, auctioned, or otherwise encumbered; and upon the acquisition of legal title to such Bitcoin (including after a final, unappealable judgment is entered in a criminal or civil forfeiture action in favor of the Federal agency), be transferred by the head of such Federal agency to the Strategic Bitcoin Reserve.