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A bipartisan radical of much than a twelve U.S. representatives has introduced authorities to enshrine a Strategic Bitcoin Reserve successful national law, mandate a minimum 20-year holding period, and nonstop the Treasury Department to get up to 1 cardinal bitcoin implicit 5 years.
Key Takeaways
Bipartisan ARMA Bill Targets 1 Million Bitcoin Reserve
Congressman Nick Begich (AK-AL) and co-lead Congressman Jared Golden (ME-02) formally introduced the American Reserve Modernization Act of 2026, known arsenic ARMA, connected May 21, backed by an contiguous conjugation of much than a twelve co-sponsors from some parties.
The authorities looks to found a Strategic Bitcoin Reserve wrong the U.S. Department of the Treasury and a abstracted Digital Asset Stockpile for different federally held cryptocurrencies.
Image source: House.govThe bill’s header proviso is simply a 20-year mandatory holding play for immoderate bitcoin acquired nether the reserve, a clause designed to insulate the reserve from short-term governmental unit and dainty bitcoin arsenic a semipermanent sovereign asset, connected par with gold oregon strategical vigor reserves alternatively than a tradable presumption taxable to shifting administrations.
On the acquisition side, ARMA would authorize the Treasury to acquisition up to 200,000 BTC per twelvemonth for 5 years, targeting a extremity of 1 cardinal bitcoin nether national custody. Purchases would beryllium funded done “budget-neutral acquisition strategies,” a proviso that directs a ceremonial survey into however the authorities could grow the reserve without expanding taxes, adding to the deficit, oregon taking connected caller nationalist indebtedness obligations.
The measure besides establishes quarterly “Proof of Reserve” reports and requires autarkic third-party audits of each national integer plus holdings, creating a statutory transparency model that the existing executive-order reserve (of holding lone seized bitcoin) presently lacks.
ARMA Adds Self-Custody Protections arsenic Bitcoin Reserve Momentum Builds
The measure explicitly prohibits the national authorities from impairing the lawful close of Americans to own, transfer, oregon self-custody integer assets, a proviso aimed astatine preempting immoderate aboriginal regulatory effort to restrict idiosyncratic bitcoin ownership nether the guise of nationalist reserve management.
Among the bill’s co-sponsors are Representatives Buddy Carter (GA-01), Barry Moore (AL-01), Burgess Owens (UT-04), Mike Carey (OH-15), Michael Rulli (OH-06), Riley Moore (WV-02), Pat Harrigan (NC-10), Matt Van Epps (TN-07), Mike Lawler (NY-17), Abraham Hamadeh (AZ-08), and respective others.
ARMA arrives connected the heels of a fast-moving legislative situation with Bitcoin.com News precocious reporting that a White House advisor teased an imminent “big announcement” connected the Strategic Bitcoin Reserve, portion Senators Bill Cassidy and Cynthia Lummis introduced abstracted Senate authorities (in precocious March) to formalize the reserve and grow home bitcoin mining.
At the authorities level, too, astatine slightest two U.S. states enacted their ain strategical bitcoin reserve laws wrong a 48-hour model past year.
Looking ahead, the latest bill’s bipartisan framing (with a Republican and a Democrat arsenic co-leads) gives it a broader conjugation than astir integer plus authorities has managed to date. Even then, transition done the Senate inactive faces important procedural hurdles.
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