US Congressman Proposes "American Reserve Modernization Act," Seeking to Include Bitcoin as a Strategic Reserve for at Least 20 Years
2026-05-22 01:05
According to Odaily, U.S. Representative Nick Begich has introduced the "American Reserve Modernization Act," which is currently supported by 16 original co-sponsors.
The bill proposes establishing a strategic Bitcoin reserve, consolidating digital assets held by the federal government, and locking Bitcoin as a long-term reserve asset for at least 20 years. It also calls for studying budget-neutral Bitcoin purchasing strategies and preventing future administrations or Congress from liquidating the reserve.
Reports indicate that former President Trump had previously established a strategic Bitcoin reserve through an executive order. This bill aims to formally codify such arrangements into law. (Bitcoin News)
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