The US Congress has officially published the draft of the American Reserve Modernization Act (ARMA) on its official website. This legislative proposal aims to turn the North American nation’s Bitcoin (BTC) strategic reserve into permanent law.
The public dissemination of this project coincides with a period of significant downward pressure in the market, as a result of which the price of the digital currency is trading around the support zone of $60,000.
The initiative, identified as HR 8957, was originally introduced in the House of Representatives on May 21, 2026, by Republican Rep. Nick Begich and Democratic Rep. Jared Golden, as reported by CriptoNoticias. However, the full text of the bill was not made public until this Friday, June 5th. It has been uploaded to the council’s web server for public viewing.
The 19-page proposal is primarily aimed at providing institutional continuity to the Bitcoin reserve mandated by President Donald Trump in Executive Order 14,233 of March 6, 2025, and ensuring that future presidential administrations cannot unilaterally rescind or repeal the measure. In this way, we aim to strengthen the final legal framework. Beyond the instructions of the executive branch.
To achieve this objective, the project proposes to transfer control of all digital assets held by federal agencies directly to the Treasury Department.
The text of the bill calls for the structural separation of state funds, the establishment of a dedicated Bitcoin reserve; An independent repository for the remaining digital assets held by the state.
A central aspect of the ARMA Act is the establishment of strict temporary retention locks. US government will be banned Sell your Bitcoin holdings for at least 20 years. The only exceptions allowed under the legal framework would be for very specific and limited circumstances, such as the implementation of fiscal measures aimed at reducing a country’s public debt.
In the interest of transparency and governance, the proposal introduces a requirement to conduct an independent audit and publish a quarterly preliminary report for public access.
Similarly, the legal text mandates the conduct of technical studies to assess mechanisms by which countries can expand their holdings of this digital currency without implying increased taxes, issuance of new public debt, or increased budget deficits.
But this text still has a long way to go. After being submitted on May 21st, the bill is still awaiting assignment to each legislative committee and subsequent deliberation at the plenary sessions of the House of Councilors and the House of Representatives.
In any case, the fact that it has appeared in the parliamentary system shows that this proposal is definitely being considered by America’s legislative bodies.
In parallel with this project, the intention to create a Bitcoin Strategic Reserve Fund has been widely announced by US government officials, including Treasury Secretary Scott Bessent.
According to the same media report, he told the Senate Finance Committee on June 3 that the development of the treasury BTC is “proceeding at a cautious pace.”
The formal publication of the bill on the parliamentary portal takes place in a complex macroeconomic and market context. The price of Bitcoin this Friday was around $60,500, which is close to the digital asset’s yearly low and the price level observed almost three years ago.
This bearish action reduced the digital currency’s circulating supply by an estimated 50%.temporarily having unrealized losses.
This temporal coincidence sparked debate among market participants andtiming» A project has been published that takes into account the unstable performance of BTC in recent days.
Additionally, parallel cases such as the sale of 32 BTC by Strategy Inc. were reported this week, an event that is widely discussed in the Bitcoin user and investor community.
Despite the near-term volatility and the current downward trend that is pushing Bitcoin price towards the $60,000 support, progress is being made in the process of the ARMA Act in the US Congress. Evidence of efforts to institutionalize BTC In the long run.
Proponents of the bill aim to create a national financial infrastructure that recognizes digital currencies as sovereign and strategic safe assets and is protected from political change in the country.
(Tag Translate) Bitcoin (BTC)
