On Thursday, Representative Nick Begich, R-Alaska, introduced significant legislation aimed at the establishment of a U.S. strategic bitcoin reserve. The proposed American Reserve Modernization Act (ARMA) seeks to codify President Donald Trump’s executive order from March 2025, thereby providing a stable legal framework for the reserve.
This initiative has received bipartisan support and boasts over a dozen co-sponsors within Congress. The legislation would delegate the management of the reserve to the Treasury Department while creating a distinct stockpile for federally held digital assets, excluding bitcoin. Begich has articulated a direct comparison between bitcoin and gold, contending that the market has already recognized both as preeminent stores of value within their respective categories.
“When examining gold, it is evident that it stands as the preeminent precious metal reserve,” Begich remarked in an interview with Fox Business. “Bitcoin, on the other hand, constitutes approximately 60% of the overall market capitalization of the cryptocurrency sector. Thus, the market has determined that both gold and bitcoin will serve as the leading stores of value within their asset classes.”
ARMA builds upon the earlier BITCOIN Act, which Begich initially introduced in March 2025 in collaboration with Senator Cynthia Lummis. The refined legislation would authorize the Treasury to acquire up to 200,000 BTC annually over a five-year period, ultimately targeting a total of one million bitcoins—approximately 5% of the global supply—with all holdings locked for a minimum of 20 years.
The introduction of ARMA coincides with a broader legislative push toward crypto-friendly policies in Washington. The Senate Banking Committee recently passed the Digital Asset Market Clarity Act with a 15-9 bipartisan vote on May 13, advancing a comprehensive regulatory framework for the cryptocurrency sector to the Senate floor.
Notably, two Democratic senators, Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, have joined their Republican counterparts in supporting this initiative. Senator Lummis has suggested that a Senate floor vote on the bill could occur by mid-June, although she has acknowledged that this timeline may be overly optimistic.
This legislative effort comes at a time when the Treasury Department is intensifying its focus on combatting illicit finance linked to cryptocurrencies. Under Operation Economic Fury, the U.S. has seized nearly $500 million in Iranian cryptocurrency assets as of late April, underscoring the necessity for a comprehensive strategy to manage seized digital entities.
The White House has indicated that a formal announcement regarding the operational status of the strategic bitcoin reserve is forthcoming, with a senior administration official confirming that a critical legal obstacle has been overcome.
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