BlockBeats News, May 22 - U.S. Representative Nick Begich officially introduced the American Reserve Modernization Act (ARMA), with the support of 16 original cosponsors. The bill aims to enshrine into law the strategic Bitcoin reserve previously established by Trump through an executive order. ARMA will establish a strategic Bitcoin reserve, consolidate all federally held digital assets, and lock them in as a long-term reserve asset for a minimum of 20 years. It will also explore a budget-neutral Bitcoin acquisition mechanism and design safeguards to protect the reserve from arbitrary liquidation by future administrations or Congress.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change