US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a brand new bipartisan invoice on Thursday that seeks to accumulate round 1 million Bitcoin over 5 years.
The American Reserve Modernization Act of 2026 would set up a Strategic Bitcoin (BTC) Reserve and Digital Asset Stockpile for different federally held cryptocurrencies, which might be held by the US Treasury Division, said the invoice’s sponsor, Consultant Nick Begich.
ARMA, sponsored by 16 members of Congress, builds on the BITCOIN Act, which was launched in July 2024 and up to date in March 2025.
Supply: Nick Begich
In an interview on Sunday, Patrick Witt, of the President’s Council of Advisors for Digital Property, referred to ARMA as “Model 2” of the BITCOIN Act and mentioned the White Home has spent appreciable time analyzing the authorized implications of a Bitcoin reserve.
“It is a breakthrough so far as getting the whole lot in place, legally sound, correctly safeguarding the belongings.”
The push for a federal coverage comes because the US presently holds 328,372 Bitcoin value greater than $25.5 billion — the most of any nation-state — however has bought parts of these holdings by court-ordered actions through the years.
“The US is already one of many largest holders of Bitcoin on this planet. However Congress has by no means set a federal coverage on what to do with that asset,” mentioned US Consultant Jared Golden, one of many 16 co-sponsors of the invoice.
Below ARMA, Bitcoin should be held for no less than 20 years until it’s bought to cut back America’s nationwide debt, which topped $39 trillion on Wednesday.
Just like the BITCOIN Act, ARMA additionally seeks to accumulate as much as 1 million Bitcoin over 5 years by budget-neutral methods, which means it might keep away from utilizing taxpayer cash.
US Consultant Mike Carey argued that as digital belongings proceed to develop in significance, the invoice may strengthen America’s long-term financial place and assist hold it “aggressive on the world stage.”
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Try CEO and chairman Matt Cole said ARMA is the “single most necessary crypto laws” that might come out of Washington DC.
ARMA may strengthen transparency measures, property rights
Quarterly proof of reserve experiences and impartial third-party audits of the Bitcoin reserve could be printed underneath ARMA, Begich famous.
The invoice additionally seeks to guard digital property rights by affirming that the federal authorities might not impair the correct of people to personal or self-custody digital belongings.
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