US lawmaker introduces bill to add Bitcoin to national reserves

Pro-crypto U.S. Representative Nick Begich announced yesterday on X that he has introduced the American Reserve Modernization Act (ARMA), a bill that proposes stockpiling Bitcoin as a government reserve asset. Begich stated that while the U.S. reserve asset balance sheet is a core component of the nation's insurance policy, backing the dollar and ensuring stability, market perceptions of what constitutes a sustainable store of value can evolve. He argued that the U.S. must acknowledge these shifts and have the flexibility to expand its reserve portfolio. The ARMA bill would also centrally manage digital assets held by the federal government and protect them as reserve assets for future generations, he added.