US Lawmakers Propose Strategic Bitcoin Reserve with New Bipartisan Bill
- The American Reserve Modernization Act (ARMA) aims to acquire approximately 1 million Bitcoin over five years.
- Currently, the US holds 328,372 Bitcoin, valued at over $25.5 billion, making it the largest national holder.
- Under ARMA, Bitcoin must be retained for a minimum of 20 years unless sold to reduce national debt exceeding $39 trillion.
- The bill includes provisions for quarterly proof of reserve reports and third-party audits to enhance transparency.
- ARMA seeks to protect individual digital property rights by affirming self-custody of digital assets.
The introduction of ARMA reflects a significant step towards establishing a federal policy on Bitcoin management in the US, addressing both asset retention and transparency measures. This aligns with ongoing discussions about the role of digital assets in strengthening economic competitiveness.
If passed, ARMA could reshape how the US manages its substantial Bitcoin holdings while ensuring long-term asset security and accountability through independent audits. (Source)
