US Congressman’s ARMA Bill Would Codify 20-Year Strategic Bitcoin Reserve
Rep. Nick Begich introduced the ARMA bill to permanently establish and hold a US strategic Bitcoin reserve for at least 20 years.Summary
Representative Nick Begich has introduced the American Reserve Modernization Act (ARMA), legislation designed to codify a US strategic Bitcoin reserve into federal law. The bill seeks to institutionalize President Donald Trump’s earlier executive order, ensuring long-term stability that cannot be easily reversed by future administrations.
The legislation mandates a 20-year holding period for federally controlled Bitcoin, which includes assets seized from criminal forfeitures like the Silk Road case. Furthermore, the bill authorizes the Treasury to acquire up to 200,000 BTC annually for five years, aiming for a total reserve of one million coins, while requiring that these acquisitions remain budget-neutral to avoid increasing taxpayer spending. The Bitcoin Policy Institute has endorsed the proposal as a move toward professionalizing federal asset custody.
(Source：BeInCrypto)