U.S. Representative Begich Plans to Rename and Reintroduce Bitcoin Strategic Reserve Bill, Codifying Trump's Executive Order

Odaily News, U.S. Representative Nick Begich announced at the Bitcoin 2026 conference that he plans to reintroduce his Bitcoin Strategic Reserve Act in the coming weeks, renaming the original "BITCOIN Act" to the U.S. Reserve Modernization Act. The bill aims to codify President Trump's executive order into law, establish a permanent Bitcoin reserve, require Bitcoin to be held for a "very long time," and acquire 1 million Bitcoin over five years through a "budget-neutral strategy." Begich stated that the name change is intended to help Congress and the American people better understand the bill's objective, ensuring Bitcoin is treated as a reserve asset. He also noted that given the uncertainty of the next administration's stance on digital assets, the opportunity should be seized to lock in gains through Congressional action. (The Block)