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

Odaily Planet Daily News: U.S. Republican lawmakers are accelerating efforts to legislate the new version of the "ARMA Act," hoping to finalize the bill signing while the Republican Party still controls both chambers of Congress. The bill proposes the establishment of a national Bitcoin reserve by the United States, with plans to hold approximately 5% of the total global circulating supply of Bitcoin over the long term. Reports indicate that Republicans are internally attempting 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 holders of Bitcoin, further strengthening the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)