The US Bitcoin Strategic Reserve will be the new Fort Knox.ARMA is being drafted, and a major announcement will soon ignite the Bitcoin race.I hope you're not waiting to buy until October.
>>62260467that would be quite the exit scam
>>62260596>200,000 btc bought each year for 5 years>20 year holding requirementThat's an exit scam how?
The American Reserve Modernization Act (ARMA) would authorize the U.S. Treasury to acquire up to 200,000 bitcoin per year for five years, targeting a reserve of 1 million BTC.The bill was introduced Wednesday by Rep. Nick Begich with 16 original cosponsors. It is a rebranding and expansion of the original BITCOIN Act co-introduced last year by Begich and Senator Cynthia Lummis. It would codify Trump's March 2025 executive order establishing a Strategic Bitcoin Reserve into permanent law that cannot be reversed by a future president.The bill classifies bitcoin as a "Tier 1" strategic reserve asset, putting it on the same legal footing as gold. A separate digital asset stockpile would hold other federally owned crypto.All acquisitions must be budget-neutral. The funding mechanism is revaluing Federal Reserve gold certificates from their current statutory price of $42.22 per ounce, set in 1973, to current market prices. That gap generates hundreds of billions in accounting gains without new taxpayer debt.The bill also ends the practice of auctioning off seized bitcoin. All future seizures would be transferred directly to the Strategic Reserve instead of being liquidated by the U.S. Marshals Service. Existing government holdings would be consolidated into a single audited ledger.Bitcoin in the reserve would be held for a minimum of 20 years. The bill establishes federal custody standards including geographic distribution of private keys across air-gapped facilities, multi-signature governance requiring authorization from the Treasury, the Fed, and an independent third agency, and investment in "quantum-resistant cryptographic upgrades."Rep. Pat Harrigan, one of the cosponsors, said "The United States government already holds billions in seized bitcoin with no coherent strategy for managing it, and that needs to change."
>>62261654I don't understand why people are bearish. Do they have an intellectual disability?
>>62260467A nice idea, but I doubt it'll pass. Republicans are atrociously bad at passing legislation
