A bipartisan bill introduced in the U.S. House of Representatives aims to **enshrine a strategic Bitcoin reserve into federal law**, cementing one of President Trump's key campaign promises for the crypto industry.

### What the ARMA Act Proposes

The **American Reserve Modernization Act (ARMA)**, introduced by Rep. Nick Begich (R-AK) and co-led by Rep. Jared Golden (D-ME), would:

- Direct the **Treasury Department** to create and maintain a **Bitcoin reserve** for at least **20 years**.
- Establish a **stockpile for other cryptocurrencies** held by the government.
- Consolidate billions of dollars in digital assets currently held across federal agencies (from forfeitures and penalties).
- Require a **proof-of-reserve report** for transparency.

### Why It Matters

President Trump created a strategic Bitcoin reserve via executive order in May 2025, but its implementation has been slow. The ARMA Act would give it the **"weight of law"** and protect it from political shifts. As Rep. Golden stated, "Administrations have auctioned [crypto] off or held it in reserve, according to the whims of the executive branch."

### Challenges and Criticism

- **Treasury Secretary Scott Bessent** has ruled out any agency purchases of Bitcoin, dampening hopes for large-scale acquisitions.
- Critics like Rep. Maxine Waters argue that **crypto has no inherent value** and shouldn't be treated as a strategic reserve asset.
- The bill faces an uphill battle in Congress, especially with the midterm elections approaching.

### The Bigger Picture

The ARMA Act is part of a broader push to legitimize Bitcoin as a **national reserve asset**. Similar efforts include Sen. Cynthia Lummis's **BITCOIN Act**, which proposes purchasing 1 million Bitcoin over five years.

While the bill has 17 original co-sponsors, its fate remains uncertain. However, it signals a growing bipartisan interest in **integrating Bitcoin into the U.S. financial system**.

The American Reserve Modernization Act would direct the Treasury to create and maintain a Bitcoin reserve for a minimum of 20 years.

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