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American lawmakers introduce the "U.S. Reserve Modernization Act," proposing to lock Bitcoin as a long-term reserve asset for at least 20 years
The bill will establish a strategic Bitcoin reserve, integrate federally held digital assets, and lock them in as long-term reserve assets for at least 20 years.
The bill also explores a budget-neutral Bitcoin acquisition strategy while protecting the reserve from future government and congressional liquidation efforts.
The media commentary states that the strategic Bitcoin reserve previously established by Trump through an executive order will be formalized into law by the "U.S. Reserve Modernization Act."