US lawmakers renew strategic Bitcoin reserve push with ARMA bill

AI Impact AnalysisGrok analyzing...

📄Full Article· Automatically extracted by trafilatura1969 words

In an interview on Sunday, Patrick Witt, of the President’s Council of Advisors for Digital Assets, referred to ARMA as “Version 2” of the BITCOIN Act and said the White House has spent considerable time examining the legal implications of a Bitcoin reserve. “It's a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets.” The push for a federal policy comes as the US currently holds 328,372 Bitcoin worth more than $25.5 billion — the most of any nation-state — but has sold portions of those holdings through court-ordered actions over the years. “The US is already one of the largest holders of Bitcoin in the world. But Congress has never set a federal policy on what to do with that asset,” said US Representative Jared Golden, one of the 16 co-sponsors of the bill. Under ARMA, Bitcoin must be held for a minimum of 20 years unless it is sold to reduce America’s national debt, which topped $39 trillion on Wednesday. Like the BITCOIN Act, ARMA also seeks to acquire up to 1 million Bitcoin over five years through budget-neutral strategies, meaning it would avoid using taxpayer money. US Representative Mike Carey argued that as digital assets continue to grow in importance, the bill could strengthen America’s long-term economic position and help keep it “competitive on the world stage.” Related: SpaceX reveals larger-than-expected Bitcoin holdings in IPO filing Strive CEO and chairman Matt Cole said ARMA is the “single most important crypto legislation” that could come out of Washington DC. Quarterly proof of reserve reports and independent third-party audits of the Bitcoin reserve would be published under ARMA, Begich noted. The bill also seeks to protect digital property rights by affirming that the federal government may not impair the right of individuals to own or self-custody digital assets. Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles More on the subject

Data Status✓ Full text extractedRead Original (CoinTelegraph)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-21

US Lawmakers Propose the ‘ARMA’ Bill to Build a 1-Million-Bitcoin Strategic Reserve

2026-05-21

Proposed ARMA Bill Aims to Enshrine Strategic Bitcoin Reserve Into Law

2026-05-21

US Congressman’s ARMA Bill Would Codify 20-Year Strategic Bitcoin Reserve

2026-05-21

U.S. Lawmaker Unveils Bill to Codify Strategic Bitcoin Reserve, Draws Bipartisan Support

2026-04-26

US Treasury Adds Venmo for Debt Donations as Strategic Bitcoin Reserve Bill Stalls