The United States Congress formally published the draft of the American Reserve Modernization Act (ARMA) on its official website. This legislative proposal seeks to convert the strategic reserve of bitcoin (BTC) of the North American country into permanent law.
The public dissemination of the project coincides with a period of notable downward pressure in the market, which has led the price of the digital currency to trade near the support zone of $60,000.
The initiative, identified as HR 8957, was originally introduced in the House of Representatives by Republican Congressman Nick Begich and Democrat Jared Golden, on May 21, 2026, as reported by CriptoNoticias. But it was not until this Friday, June 5, when the full text of the legislative proposal was uploaded to Congressional web servers for public consumption.
This proposal, of just 19 pages, has as its main objective to provide institutional continuity to the bitcoin reserve ordered by President Donald Trump in the executive order 14,233of March 6, 2025, and prevent future presidential administrations from being able to reverse or dismantle the measure unilaterally. In this way, it seeks to consolidate a definitive legal framework above the directives of the Executive Branch.
To achieve this purpose, the project proposes to transfer control of all digital assets held by federal agencies directly to the Treasury Department.
The text of the legislation contemplates the structural separation of state funds, establishing a reserve dedicated exclusively to bitcoin and, in parallel, an independent repository for the rest of the digital assets held by the nation.
A central aspect of the ARMA law is the establishment of a strict temporary retention lock. The United States government would be prohibited sell your bitcoin holdings for a minimum period of 20 years. The only exceptions allowed under the legal framework would be oriented to very specific and limited circumstances, such as the implementation of financial measures aimed at reducing the national public debt.
In terms of transparency and governance, the proposal introduces the obligation to carry out independent audits and publish reserve reports on a quarterly basis for public access.
Likewise, the legal text orders the carrying out of technical studies to evaluate mechanisms that allow the State to expand its holdings in this digital currency without this implying an increase in taxes, the issuance of new public debt or an increase in the fiscal deficit.
This text, however, still has a way to go. After being presented on May 21, it is still waiting to be assigned to the respective legislative commissions and its subsequent deliberations in the plenary session of the Upper House and Lower House.
In any case, the fact that it has been published in the Congressional system shows that the proposal is certainly being considered by the American legislative body.
In parallel to the project, the intention to create a strategic reserve of bitcoin has been widely expressed by US government officials, such as Treasury Secretary Scott Bessent.
He told the Senate Finance Committee on June 3 that they are “proceeding with all deliberate speed” in developing this state BTC treasury, this outlet reported.
The official publication of the bill on the Congress portal occurs in a complex macroeconomic and market context. The price of bitcoin was around $60,500 this Friday, a price that brings the digital asset closer to its annual lows and price levels observed almost three years ago.
This bearish behavior has caused an estimated 50% of the circulating supply of the digital currencyis momentarily in unrealized losses.
This temporal coincidence has generated debate among market participants, those who question he “timing» in which the project is published, considering the erratic performance of BTC in recent days.
In addition, parallel cases such as the sale of 32 BTC by Strategy reported this week, an event that has been widely discussed in the community of bitcoin users and investors.
Despite the immediate volatility and the current downward trend that pressures the price of bitcoin towards the support of $60,000, the progress of the processing of the ARMA law in the US Congress evidences an effort to institutionalize BTC long term.
With this measure, the promoters of the law seek to structure a state financial base that recognizes the digital currency as a sovereign and strategic safeguard asset, protected from political changes in that country.