Overview
- Rep. Nick Begich introduced the American Reserve Modernization Act on Thursday to codify President Trump’s March 2025 executive order and place a Strategic Bitcoin Reserve inside the Treasury.
- The proposal would consolidate roughly 328,000 federal bitcoins into a single reserve and authorize the Treasury to acquire up to 200,000 BTC per year for five years for a 1 million BTC target.
- ARMA requires every coin placed in the reserve to be locked for at least 20 years and limits any sales so that proceeds may only be used to reduce the national debt.
- The bill mandates quarterly public proof‑of‑reserve reports, independent third‑party audits, congressional oversight, protections for private self‑custody, and a study of budget‑neutral acquisition methods.
- Passage is uncertain because the plan still faces practical hurdles on custody, legal transfer of seized assets, financing mechanics and the need for committee action, a Senate companion and a presidential signature even though the White House has signaled an operational announcement may be near.