Rep. Nick Begich of Alaska introduced legislation to establish an American strategic Bitcoin reserve. unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute.
The bill, which is bipartisan and has more than a dozen sponsors in Congress, will give Treasury Department oversight of the reserve. A separate digital stockpile would be created for other federally owned cryptocurrencies than bitcoin. Begich said the gold market had already determined that bitcoin was the most valuable asset in its respective class.
“When you look at gold, it is the dominant precious metal reserve,” Begich told Fox Business “When you look at bitcoin, it represents about 60% of all market cap for the entire crypto space. So the market has decided, in the case of gold and in the case of bitcoin, that this will be the predominant store of value within that asset class.”
Begich originally introduced the BITCOIN Act. ARMA is a continuation of that Act. introduced in March 2025 alongside Sen. Cynthia Lummis. The updated legislation would authorize the Treasury to acquire up to 200,000 BTC per year for five years — targeting a total of 1 million bitcoin, or roughly 5% of global supply — with all holdings locked for a minimum of 20 years.
The U.S. holds approximately 328,372 BTC that was seized by law enforcement, including the proceeds of Silk Road’s takedown, and Bitfinex 2022 hack recovery.
Bitcoin handling in the United States needs to be changed
Rep. Pat Harrigan (R-N.C.), co-sponsor, stressed the importance of finding a home for this stockpile. “The United States government already holds billions in seized bitcoin with no coherent strategy for managing it, and that needs to change,” Harrigan said.
It comes as part of an overall wave in Washington that is crypto-friendly. Senate Banking Committee passed In a 15-9 vote, the Digital Asset Market Clarity Act was passed by the Senate in a unanimous bipartisan decision on the 13th of May. It established a broad regulatory framework that will apply to the entire crypto industry.
Two Democrats — Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland — crossed the aisle to support the measure. Sen. Lummis indicated that the bill might reach a Senate vote in mid-June. She cautioned, however, that such a timeline was optimistic.
Treasury Department also intensifies its pressure on illicit financial transactions involving cryptography.
As of the end of April under Operation Economic Fury (OEF), U.S. authorities seized almost $500 million worth in Iranian crypto assets, further reinforcing demands for an integrated government strategy on how to handle digital assets seized.
White House is a place of peace and tranquility separately signaled An official from the government has said that an important legal hurdle had been removed.
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Source: bitcoinmagazine.com
