Nick Begich and Jared Golden, one from a red state and one from a blue state, are working on a bipartisan crypto bill, which is rare.

Crypto World News reports that Wu says he has learned that U.S. Alaska Congressman Nick Begich and Maine Congressman Jared Golden have introduced the "American Reserve Modernization Act" (ARMA), which proposes establishing a strategic Bitcoin reserve at the U.S. Department of the Treasury and creating an independent digital asset reserve to manage non-Bitcoin digital assets held by the federal government. The bill requires federal agencies to report and transfer their digital assets, with the Treasury centrally custody and manage them, while also introducing quarterly "reserve proofs," third-party audits, and Congressional oversight mechanisms. According to the bill, Bitcoin in the strategic Bitcoin reserve must be held for at least 20 years, and it calls for researching budget-neutral accumulation plans that do not increase taxes, fiscal deficits, or national debt.