The American Reserve Modernization Act (ARMA) just cleared the House Financial Services Committee.
We built support with members of Congress, subject matter experts, Commerce, and Treasury. Significant effort was made by committee staff on this important legislation, and for that collaborative work, we are grateful.
Thank you to Chairman @RepFrenchHill, Chairman @RepBryanSteil, and the @FinancialCmte for advancing this bipartisan legislation which protects the American principles of financial sovereignty through self-custody, while establishing a clear Congressional framework for responsibly securing digital asset holdings held across our federal government.
Financial Services GOP
@FinancialCmte
@RepBryanSteil H.R. 8957, the American Reserve Modernization Act, by @RepNickBegich, passed 28-21.
Very Pro-CryptoAdd commentary on this stance
Commentary on Stance
Congressman Nick Begich III continues to prove exactly why he holds a perfect pro-crypto score of 100. The advancement of the American Reserve Modernization Act out of the House Financial Services Committee is a monumental step forward for Bitcoin and the broader digital asset space in the United States.
For context, this legislation, authored and sponsored by the Congressman, proposes the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile managed by the Treasury. It mandates a 20-year minimum holding period for acquired Bitcoin and implements cryptographic Proof of Reserve for public audits.
This stance earns the highest possible pro-crypto rating for a few key reasons. First, proposing that the United States government acquire and hold Bitcoin is one of the strongest endorsements a lawmaker can make. It explicitly validates Bitcoin's utility as a pristine, decentralized store of value. Second, the Congressman rightfully centers the conversation on protecting financial sovereignty and self-custody.
We often see politicians use the phrase "regulatory framework" as a Trojan horse for massive surveillance, burdensome compliance, and backdoor bans on self-custody. This legislation does the exact opposite. It provides enabling regulatory clarity by forcing the government to responsibly secure its own digital assets with on-chain transparency, while actively protecting the right of ordinary Americans to hold their own keys.
This committee vote marks a significant shift in Washington from skepticism to sovereign adoption, and the Congressman’s leadership is playing a critical role in ensuring the United States embraces the future of sound money.
