US to rebrand and revive Bitcoin reserve bill

Rep. Nick Begich will reintroduce his Bitcoin reserve bill as the "American Reserves Modernization Act," aiming to treat Bitcoin as a national reserve asset and acquire up to one million BTC over five years.

Rep. Nick Begich has announced plans to reintroduce his Bitcoin reserve bill, now renamed the "American Reserves Modernization Act" (ARMA), in the coming weeks. The rebranding is intended to clarify the bill’s purpose and attract broader support by aligning its language with traditional financial terminology. The bill’s core objective remains to treat Bitcoin as a national reserve asset, similar to gold, and to establish a framework for government management of Bitcoin holdings. The proposal suggests the U.S. government could acquire up to one million Bitcoin over five years using budget-neutral methods, with provisions for long-term holding to prevent rapid sales. Additionally, the bill emphasizes protecting individuals’ rights to self-custody their Bitcoin and builds on previous legislative efforts and executive orders encouraging permanent Bitcoin holdings. While some modifications have been made, specific details have not been disclosed. This move is seen as a strategic effort to secure the nation’s financial future and address feedback from key congressional committees.