Gate News message, April 27 — Rep. Nick Begich announced plans to reintroduce legislation establishing a strategic bitcoin reserve in the United States within the coming weeks, rebranding his previous “BITCOIN Act” as the American Reserves Modernization Act (ARMA). Speaking at the Bitcoin2026 conference in Las Vegas on Monday, Begich emphasized the bill aims to treat bitcoin as a reserve asset consistent with the country’s gold reserves, building upon President Trump’s executive order to create permanent bitcoin holdings.
The rebranded bill includes provisions to acquire one million BTC over five years using budget-neutral strategies and requires long-term holdings. It also enables government agencies to identify and consolidate bitcoin currently held across federal departments under proper custody aligned with reserve asset standards. Begich noted the bill has been updated but did not specify the changes, adding that discussions with the House Financial Services Committee informed the rebranding to broaden congressional support.
Begich, working alongside Sen. Cynthia Lummis, R-Wyo., emphasized the importance of legislative codification. “We don’t know what the next administration is going to be like,” he said, noting that Congress can “lock in the gains” by establishing a permanent framework for bitcoin reserves that transcends individual administrations.
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