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the U.S. House of Representatives has introduced a new bipartisan bill, the "American Reserve Modernization Act of 2026" (ARMA), which aims to include Bitcoin held by the U.S. government in a strategic reserve and requires a minimum 20-year lock-up period.Unlike the previously proposed BITCOIN Act, the new bill no longer requires the U.S. government to purchase 1 million BTC. Instead, it primarily incorporates Bitcoin already held or acquired in the future through means such as criminal and civil forfeitures into the reserve. Additionally, the bill will establish a separate Digital Asset Stockpile to manage non-Bitcoin crypto assets held by the federal government.According to the draft, Bitcoin entered into the strategic reserve shall not be sold, exchanged, auctioned, hypothecated, or otherwise disposed of for 20 years. After the lock-up period ends, the Secretary of the Treasury may recommend selling up to 10% of the reserve assets within any two-year period.The bill also requires the government to publish quarterly reserve proofs and conduct third-party audits of its Bitcoin holdings. Supporters argue that the U.S. should not sell strategic digital assets but should hold them long-term as part of a modernized national reserve system.
Odaily news – U.S. Representative Nick Begich has introduced the "American Reserve Modernization Act," which has garnered support from 16 original co-sponsors.The bill proposes establishing a strategic Bitcoin reserve, consolidating digital assets held by the federal government, and locking Bitcoin as a long-term reserve asset for at least 20 years. It also calls for studying budget-neutral Bitcoin purchase strategies and preventing future administrations or Congress from liquidating the reserves in question.Reports indicate that Trump had previously established a strategic Bitcoin reserve through an executive order, and this bill aims to formalize those arrangements into law. (Bitcoin News)