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The U.S. House of Representatives has removed the 1 million BTC purchase target and added a 20-year lock-up period in the new Strategic Reserves Act
-ChainCatcher reports that the U.S. House of Representatives proposed the "2026 U.S. Reserve Modernization Act" (ARMA), which cancels the previous requirement to purchase 1 million BTC, while stipulating that Bitcoin held as strategic reserves must be locked for at least 20 years.
Under the new bill, the government will primarily add Bitcoin obtained through criminal and civil forfeitures to the reserves, rather than making direct purchases.
Bitcoin entering the strategic reserve cannot be sold, exchanged, auctioned, pledged, or disposed of in any other way during the 20-year lock-up period. After the lock-up period ends, the Secretary of the Treasury may recommend selling up to 10% of the reserves within any two-year window.
The bill also requires quarterly public disclosures of reserve holdings and third-party audits of Bitcoin custody.