TechFlow News, May 23: According to The Block, U.S. Representatives Nick Begich and Jared Golden introduced the draft “American Reserve Modernization Act of 2026” (ARMA), proposing the establishment of a U.S. Strategic Bitcoin Reserve and a separate Digital Asset Reserve for non-Bitcoin assets.
Under the bill, Bitcoin held in the reserve must be locked for at least 20 years, during which it may not be sold, exchanged, auctioned, or otherwise disposed of. Unlike the earlier “BITCOIN Act,” which proposed purchasing one million bitcoins within five years, ARMA does not set a specific acquisition target; instead, it directs the Department of the Treasury and the Department of Commerce to study how to increase holdings through “budget-neutral” means. The bill also requires federal agencies to disclose their digital asset holdings within 60 days of the law’s enactment and mandates quarterly proof-of-reserves, independent audits, and congressional oversight.
