US Representative Proposes the "U.S. Reserve Modernization Act," Aiming to Include Bitcoin in Strategic Reserves for at Least 20 Years

Odaily Planet Daily News: U.S. Representative Nick Begich has introduced the "U.S. Reserve Modernization Act," which currently has the support of 16 original co-sponsors.

The bill proposes to establish a strategic Bitcoin reserve, integrate digital assets held by the federal government, and lock in Bitcoin as a long-term reserve asset for at least 20 years. The bill will also study budget-neutral Bitcoin purchase strategies and prevent the liquidation of related reserves by future administrations or Congress.

Reports indicate that President Trump previously established a strategic Bitcoin reserve through an executive order. This bill aims to formalize these arrangements into law. (Bitcoin News)