Rep. Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute.

The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. Begich drew a direct comparison between bitcoin and gold, arguing the market has already determined both…

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