Rep. Begich Plans Bitcoin Strategic Reserve Bill Rebranding to ARMA to Codify Trump Executive Order

Gate News message, April 28 — Rep. Nick Begich announced plans to reintroduce legislation establishing a strategic bitcoin reserve in the United States within the coming weeks, according to remarks made Monday at the Bitcoin2026 conference in Las Vegas. The bill will be rebranded as the American Reserves Modernization Act (ARMA), previously known as the BITCOIN Act, following consultations with the House Financial Services Committee to broaden congressional support.

The legislation aims to establish bitcoin as a strategic reserve asset, building on President Donald Trump’s executive order to create permanent bitcoin holdings comparable to the country’s gold reserves. The bill includes provisions to acquire one million BTC over five years using “budget-neutral strategies” and would require bitcoin to be held for an extended period. “We’re trying to make sure that bitcoin is treated like the reserve asset that it is,” Begich said.

The rebranded bill includes updates and new language allowing the government to identify bitcoin currently held across agencies and consolidate custody in a manner consistent with its reserve status. Begich noted the bill could help cement a strategic bitcoin reserve independent of changing administrations. “You want to take the opportunity when you have it to lock in the gains that you experienced under one administration or another, and that’s where Congress can really act,” he added. Begich introduced the original BITCOIN Act last year alongside Sen. Cynthia Lummis, R-Wyo.