Proof of Reserve System

To ensure transparency and accountability in the management of the Strategic Bitcoin Reserve, the Secretary shall establish an ongoing Proof of Reserve system of public cryptographic attestation under which— (1) the Secretary shall— (A) publish quarterly reports on the Strategic Bitcoin Reserve that include detailed information on the total holdings, transactions, and demonstrated control of private keys relating to the Strategic Bitcoin Reserve, including a public cryptographic attestation; (B) make the quarterly reports available to the public on an official website of the Department of Treasury; and (C) select an independent, third-party auditor with expertise in cryptographic attestations to verify the accuracy and integrity of the quarterly reports; and (2) the Comptroller General of the United States shall, to ensure compliance with this Act, conduct regular oversight of— (A) the Strategic Bitcoin Reserve; (B) the quarterly reports under paragraph (1)(A); and (C) the audits under paragraph (1)(C).