US Congress Pushes Bitcoin Reserve Bill Again, Republicans Aim to Hoard 5% of Global Bitcoin Supply

Odaily Planet Daily News: Republican lawmakers in the United States are accelerating the push for a new version of the ARMA Act, aiming to have the bill signed into law while the party still holds control of both chambers of Congress. The bill proposes that the United States establish a national Bitcoin reserve and plans to hold approximately 5% of the global circulating supply of Bitcoin long-term. Reports indicate that within the Republican Party, there are efforts to elevate the strategic Bitcoin reserve to the level of national financial and geopolitical competition, arguing that the U.S. should seize a dominant position in the global digital asset system. If the bill is ultimately passed, the U.S. government could become one of the world's largest Bitcoin holders, further strengthening the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)