The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

CryptoMediumUpdated×9•Originally published 27 April 2026•Updated 28 April 2026•

1 min read

US Lawmaker to Reintroduce Bill for Strategic Bitcoin Reserve Codification

Key Facts

1Representative Begich plans to reintroduce legislation to establish a strategic bitcoin reserve in the U.S. within the next few few weeks.

2The new bill aims to codify President Trump’s executive order regarding a digital asset reserve.

about 1 month ago

Version History

2 additional sources confirmed this story

Version 9about 1 month ago

What changed: The story was updated to emphasize the ARMA bill's role in bolstering Bitcoin's legitimacy as a strategic asset and its potential influence on U.S. economic policy.

Version 8about 1 month ago

What changed: The story was updated to specify that the legislative revisions in the ARMA Act were driven by direct feedback from the House Financial Services Committee and key stakeholders.

Version 7about 1 month ago

What changed: The story was updated to include the official rebranding of the legislation to the 'American Reserves Modernization Act' (ARMA) and the specific timeline for this move.

Version 6about 1 month ago

What changed: The story was updated to include statements from Patrick Witt regarding legislative progress and White House hints of an imminent announcement concerning the Bitcoin reserve.

Version 5about 1 month ago

What changed: Added the May markup timeline for the CLARITY Act and its potential regulatory impact on XRP.

Version 4about 1 month ago

What changed: Added information regarding the bill's potential to position the U.S. as a dominant global Bitcoin holder and its subsequent influence on international financial strategies.

Version 3about 1 month ago

What changed: Updated the story with the official legislative title and confirmed technical revisions to protect Bitcoin's status.

Version 2about 1 month ago

What changed: Added details regarding Bitcoin's potential elevation to a formal reserve asset and its impact on driving institutional interest.

Version 1about 1 month ago

What changed: The story was updated to reflect that the legislation will be reintroduced under a new name.

U.S. Representative Nick Begich has announced plans to officially rebrand the Bitcoin Act as the 'American Reserves Modernization Act' (ARMA) within the next few weeks. The ARMA bill aims to bolster Bitcoin's legitimacy as a strategic asset and is expected to significantly influence future U.S. economic policy. The updated legislation includes strategic revisions based on feedback from the House Financial Services Committee to codify President Trump’s executive order into permanent federal law. Additionally, the industry is eyeing a May markup for the CLARITY Act, which is expected to provide regulatory certainty for XRP. Analysts suggest that the rebranding to ARMA signals a broader strategic move to integrate Bitcoin into the nation's sovereign financial toolkit. This combined legislative push is likely to catalyze significant institutional investment into the digital asset space.