US Bitcoin Reserve Bill Rebranded as American Reserves Modernization Act

The legislation to establish a US strategic Bitcoin reserve is being rebranded from the BITCOIN Act to the American Reserves Modernization Act (ARMA). The change, led by Alaska Republican Representative Nick Begich, aims to broaden political support by framing the proposal as a modernization of national reserves rather than a niche cryptocurrency initiative. The bill builds on an executive order by Donald Trump that recognized Bitcoin as a potential long-term asset, but seeks to codify it into law to prevent reversal by future administrations. Senator Cynthia Lummis has also pushed for permanence. ARMA emphasizes custody and long-term management, consolidating federal Bitcoin holdings from seizures into a formal reserve structure with congressional oversight on sales. The original BITCOIN Act proposed acquiring up to one million Bitcoin over five years; it is unclear if ARMA retains this target. The bill's reintroduction is expected in coming weeks, with success depending on committee approval and bipartisan support. The White House crypto advisory team has hinted at upcoming announcements.