U.S. Lawmakers Propose ARMA Legislation: Promoting a “Strategic Bitcoin Reserve” to Seal Digital Assets for at Least 20 Years

According to Bitcoin News, U.S. Representative Nick Begich, together with 16 initial co-sponsors, jointly introduced the “American Reserve Modernization Act” (ARMA), which has also been compared by outsiders to a “digital Knox of Bitcoin.”

In the real world, Knox is a highly secure facility of the U.S. federal government for storing gold reserves, symbolizing “safe, long-term sealed official reserves.”

The core goal of the ARMA bill is to establish a strategic Bitcoin reserve, aiming to consolidate various types of digital assets held by the federal government and lock these assets as long-term reserve assets for at least 20 years.

In addition, the ARMA bill also explores strategies to obtain Bitcoin without increasing the fiscal deficit, while explicitly protecting this reserve from interference by future government executive agencies or Congress that may attempt to liquidate it.

It is worth noting that the Trump administration previously created a “Strategic Bitcoin Reserve” through an executive order, and one of the key roles of the ARMA bill is to formally establish this reserve in law.

#美国储备现代化法案 #ARMA Bill