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U.S. Lawmaker Introduces "U.S. Reserve Modernization Act" Targeting to Formally Codify Strategic Bitcoin Reserve into Law

48 minutes ago

May 22: U.S. Rep. Nick Begich formally introduced the American Reserve Modernization Act (ARMA), backed by 16 initial cosponsors. The bill aims to codify the strategic Bitcoin reserve former President Donald Trump set up via executive order. Under ARMA, a dedicated strategic Bitcoin reserve would be established, all federally held digital assets consolidated, and these holdings locked in as a long-term reserve asset for at least 20 years. The legislation would also explore a budget-neutral approach to acquiring Bitcoin and put safeguards in place to prevent future administrations or Congress from liquidating the reserve arbitrarily.
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