Bitcoin · Federal Reserve (FED) · U.S. · US Congress · Bitcoin Magazine
U.S. Lawmaker Releases Bill to Codify Strategic Bitcoin Reserve, Draws Bipartisan Support
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Nick Begich, R-Alaska, introduced legislation today to permanently establish a U.S. strategic bitcoin reserve.
Key facts
- Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA), a bill designed to codify
- The U.S. government currently holds an estimated 328,372 BTC accumulated through law enforcement seizures, including proceeds from the Silk Road takedown and the 2022 Bitfinex hack recovery
- Under Operation Economic Fury, the U.S. seized nearly $500 million in Iranian cryptocurrency assets as of late April, reinforcing calls for a comprehensive government strategy to manage seized
- Two Democrats, Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, crossed the aisle to support the measure
Summary
Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA), a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute. The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. “When you look at gold, it is the dominant precious metal reserve,” Begich told Fox Business. ARMA builds on the earlier BITCOIN Act, which Begich originally introduced in March 2025 alongside Sen.