U.S. Congress Reintroduces Bitcoin Reserve Bill, Republicans Aim to Hoard 5% of Global Bitcoin Supply

Odaily reported that U.S. Republican lawmakers are accelerating efforts to push forward a new version of the ARMA Act, aiming to have the bill signed into law while the party still controls both chambers of Congress. The bill proposes establishing a national Bitcoin reserve for the United States, with plans to hold approximately 5% of the global circulating supply of Bitcoin on a long-term basis. According to reports, Republicans are internally working to elevate the strategic Bitcoin reserve to the level of national financial and geopolitical competition, arguing that the U.S. should take a leading role in the global digital asset system. If the bill is ultimately passed, the U.S. government could become one of the largest holders of Bitcoin in the world, further reinforcing the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)