U.S. Lawmaker Unveils Bill to Codify Strategic Bitcoin Reserve, Draws Bipartisan Support
Rep. Nick Begich introduced the American Reserve Modernization Act, legislation to permanently establish a U.S. strategic bitcoin reserve with bipartisan support. The bill authorizes Treasury to acquire up to 1 million BTC over five years, with holdings locked for minimum 20 years. The U.S. government already holds 328,372 BTC from seizures. This signals accelerating crypto-friendly policy momentum in Washington.
Key takeaways
- 1Rep. Begich introduced ARMA to establish U.S. strategic bitcoin reserve with bipartisan support and 1 million BTC acquisition target over five years.
- 2U.S. government currently holds 328,372 BTC from law enforcement seizures with no coherent management strategy.
- 3Senate Banking Committee passed Digital Asset Market Clarity Act 15-9 with bipartisan votes on May 13, advancing crypto regulatory framework.
Coins in this story
Why it matters
Institutional adoption of Bitcoin by major governments increases legitimacy and demand, potentially driving long-term price appreciation. For Indian investors, U.S. crypto-friendly policy signals reduced regulatory risk globally and validates digital assets as strategic reserves alongside gold.
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Blockchain.com Confidentially Files for U.S. IPO, Joining Wave of Crypto Listings
Bitcoin Magazine Blockchain.com Confidentially Files for U.S. IPO, Joining Wave of Crypto Listings Blockchain.com, one of the industry’s oldest firms, has confidentially filed a draft Form S-1 with the U.S. Securities and Exchange Commission for a planned initial public offering. This post Blockchain.com Confidentially Files for U.S. IPO, Joining Wave of Cry...
U.S. CFTC secures deal with National Hockey League on prediction market safeguards
The U.S. CFTC secured a memorandum of understanding with the National Hockey League to oversee prediction market betting on hockey games, following a similar deal with Major League Baseball. The agreement aims to combat insider trading, fraud, and match-fixing threats. Prediction markets like Kalshi and Polymarket have become NHL's official partners, raising regulatory concerns as the sector grows rapidly.
Crypto for Advisors: Crypto Products
Advisors need to assess ETP custody, sponsor profiles, and fees. Read expert advice on bitcoin-backed loans, including margin call risks and when to sell vs. borrow....