The House Financial Services Committee advanced H.R. 8957, the American Reserve Modernization Act, by 28-21, moving legislation to codify President Donald Trump’s Strategic Bitcoin Reserve toward a possible full House vote. The bill would require the Treasury Department to hold reserve Bitcoin securely for at least 20 years, prohibit sales and require quarterly audited proof of custody. Estimates of government holdings differ: the older account cites 328,372 BTC worth about $28.2 billion, while Arkham Intelligence later estimated 324,527 BTC. Separately, a U.S. Office of Government Ethics filing showed Trump bought $50,001 to $100,000 of Strategy shares on July 27, after a smaller July 24 purchase. The disclosure came as the SEC allowed limited onchain trading of tokenized U.S. stocks, the CFTC advanced preliminary crypto rulemaking and Congress remained stalled on the CLARITY Act.