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Bitcoin · Federal Reserve (FED) · U.S. Treasury · U.S. ·

US Lawmakers Introduce ARMA Bill to Codify Strategic Bitcoin Reserve With 20-Year Hold and 1M BTC Goal

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Image source: House.gov.

A bipartisan group of more than a dozen U.S. representatives has introduced legislation to enshrine a Strategic Bitcoin Reserve in federal law, mandate a minimum 20-year holding period, and direct the Treasury Department to acquire up to 1 million bitcoin over five years.

Key facts

Summary

Key Takeaways The ARMA bill, backed by 14+ congressmen, aims for a 1M BTC federal reserve with a 20-year mandatory hold. Begich and Golden’s legislation authorizes the Treasury to buy up to 200,000 BTC annually for five years. The bill bans federal impairment of personal bitcoin ownership through an embedded self-custody clause.

#Federal Reserve (FED) #Bitcoin #Federal Reserve (FED) #U.S. Treasury #U.S.