US Senator Proposes "American Reserve Modernization Act," Aiming to Lock Bitcoin as a Long-Term Reserve Asset for at Least 20 Years

May 22nd News, according to Bitcoin News, U.S. Representative Nick Begich has introduced the "American Reserve Modernization Act," with 16 original co-sponsors. The bill would establish a strategic Bitcoin reserve, integrate federally held digital assets, and lock them as long-term reserve assets for at least 20 years. The bill also explores budget-neutral Bitcoin acquisition strategies while protecting the reserve from future liquidation efforts by the government and Congress. The media commented that while Trump previously established a strategic Bitcoin reserve through executive order, the "American Reserve Modernization Act" would make it official law.