US Legislators Request Treasury Report To Explain Strategic Bitcoin Reserve

Legislation has been proposed in the US House of Representatives mandating the Treasury Department to come up with a report on the Strategic Bitcoin Reserve and the US digital asset stash. The move comes on the heels of President Donald Trump's executive order in March 2025 that called for the establishment of these reserves through seized cryptocurrencies. Representative David P. Joyce proposed the bill, and it has been passed by the House Appropriations Committee.

The report has to be submitted within 90 days after the bill has passed the Treasury. The report must cover significant issues, including how the digital assets will be stored and organised safely, the law that underpins the reserves, as well as the cybersecurity measures for their protection. The report must also include asset transfer processes between two federal agencies as well as how the assets will be accounted for on the federal government's balance sheet.

Secondly, the report must identify any third-party contractors who are involved in the custody of the assets. It should take into account potential challenges to enforcing and administering the reserve and its implications on the Treasury Forfeiture Fund. The aim of the bill is to ensure an open and organised way of managing and overseeing the digital assets of the federal government.

Kazakhstan Plans National Crypto Reserve And Digital Asset Law

The President of Kazakhstan, Kassym-Jomart Tokayev, has announced plans to create a national cryptocurrency reserve and draft legislation on digital assets within 2026. He added that the objective is to develop a digital asset system so that financial transactions within the country are underpinned.

It will be managed by the National Bank's Investment Corporation. It will seek to own digital assets that are considered central to the financial system. It intends to manage the country's holdings of cryptocurrency.

President Tokayev also announced the establishment of "CryptoCity" in Alatau. It will be a city where all payments and transactions can be made using cryptocurrencies. It will be a completely digitalised city designed to be used by digital assets.

Kazakhstan has become one of the top destinations for Bitcoin mining because of cheap electricity and official regulation. Mining growth has also come with issues such as illegal operations and grid overload. National crypto reserve and the associated legislation seeks to regulate digital asset activities.

Large NPM Supply Chain Attack Steals Cryptocurrency Funds

A massive attack was launched on the Node Package Manager (NPM) ecosystem, with multiple well-known JavaScript packages targeted. The impacted packages included chalk, strip-ansi, and color-convert. These libraries are employed in many software projects and have been downloaded over one billion times.

The hacker had installed malware in the compromised packages. The malware was for stealing cryptocurrency from Solana and Ethereum wallets. Despite the popularity of the packages, the stolen sum was very minimal. The stolen cryptocurrency was worth less than $50, which included a few cents of Ether and around $20 of other memecoins.

Even highly reliable packages can be targeted if they are hijacked. It is recommended that developers check package integrity, employ secure tools in handling dependencies, and adhere to best practices for safeguarding users' assets. Such supply chain attacks are among a global trend. Their equivalents in the US and other countries have shown that in-demand software has become a target for attackers after cryptocurrency or other digital assets.