US Consultant Nick Begich has introduced plans to rebrand the Bitcoin Act because the American Reserves Modernization Act (ARMA) within the subsequent few weeks.
Talking on the 2026 Bitcoin convention in Las Vegas, the Congressman stated the transfer is meant to attract further assist from lawmakers for a Strategic Bitcoin Reserve just like that of gold.
Begich seeks to rename the US Bitcoin Act to ARMA
Final yr, Begich and Senator Cynthia Lummis launched the Bitcoin Act, often known as the Boosting Innovation, Know-how, and Competitiveness by Optimized Funding and Nationwide Bitcoin Act.
Other than the naming and political technique, ARMA differs from the Bitcoin Act in no different manner.
Goals embody including to the nationwide Bitcoin reserve by buying 200,000 $BTC yearly for 5 years. These cash could be non-disposable for twenty years, until the sale is supposed to cut back federal debt.
🇺🇸 WHITE HOUSE ADVISOR SAYS A “BIG ANNOUNCEMENT” IS COMING FOR TRUMP’S STRATEGIC BITCOIN RESERVE 👀
BUCKLE UP 🚀 pic.twitter.com/4SHN0UmGAU
— The Bitcoin Convention (@TheBitcoinConf) April 27, 2026
Moreover, the Act mandates that the federal government make Bitcoin purchases utilizing the Fed’s discretionary surplus fund or income accrued from gold accumulation. Beforehand, a lot of the nation’s $BTC reserves got here from criminals’ seized belongings or fines paid in cryptocurrency.
Extra particulars
Per the Act, all cash could be saved in safe chilly storage services throughout the nation to guard them from cyber threats.
Lastly, the invoice would uphold people’ custody of their crypto wallets to maintain authorities interference at bay. That is strikingly completely different from South Africa’s draft laws, which allow enforcement officers to compel people handy over the personal keys to their crypto belongings.
Presently, the soon-to-be ARMA invoice is within the Senate Banking Committee, awaiting a markup in Could. If handed, the Treasury is estimated to start its first official buy of Bitcoin in This fall 2026. Past monetary dominance, this “digital gold” would additionally present an inflationary hedge for the nation.
Presently, the US authorities holds about 328,372 $BTC valued at about $25.4 billion on the present $BTC value of $77,357. This makes it the most important sovereign holder of Bitcoin globally, adopted by China (about 190,000 $BTC) and the UK (about 61,000 $BTC).
Supply: Arkham Intelligence
