The U.S. House of Representatives has proposed the ARMA bill, which aims to lock Bitcoin reserves for at least 20 years without setting a purchase target
By: rootdata|2026/05/24 04:45:01
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According to The Block, U.S. House Representatives Nick Begich and Jared Golden have proposed the "American Reserve Modernization Act of 2026," which aims to establish a U.S. strategic Bitcoin reserve and create an independent digital asset reserve for non-Bitcoin assets.
The bill stipulates that the Bitcoin included in the reserve must be locked for at least 20 years, during which it cannot be sold, exchanged, auctioned, or otherwise disposed of. Unlike the previously proposed "BITCOIN Act," which aimed to purchase 1 million Bitcoins within 5 years, ARMA does not set a specific purchase target but instead requires the Treasury and Commerce Departments to study ways to increase asset holdings through a "budget-neutral" approach.
The bill also requires federal agencies to disclose their held digital assets within 60 days of the bill's enactment and implement quarterly reserve proofs, independent audits, and congressional oversight.
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