US Congressman Nick Begich announced during the Bitcoin 2026 conference, held on April 27, 2026, the reintroduction in Congress of the proposal to create a strategic reserve of bitcoin (BTC) under a new name, the American Reserves Modernization Act (WEAPON).
The initiative supposes the reintroduction of the previous BITCOIN lawnow reformulated after conversations in the Financial Services Committee of the House of Representatives, with the aim of expanding political support and facilitating its legislative processing.
The project proposes establish a strategic bitcoin reserve managed by the US Treasury Departmentas well as the possible purchase of up to 1 million BTC over a five-year period under a “budget-neutral” scheme. It also contemplates the transfer of BTC already in the possession of the federal government to a single consolidated reserve. The proposal was developed by Nick Begich himself together with Senator Cynthia Lummis.
At the political and community level, the project generates divided positions. While some actors interpret it as an advance in the institutionalization of bitcoin within the US financial system, others consider that the name change responds mainly to a political strategy without substantial changes that guarantee its approval.
It is worth noting that the announcement occurs in a context in which the United States Congress advances in the discussion of the CLARITY Law, a proposal that seeks to establish a federal regulatory framework for digital assets and define the powers of the SEC and the CFTC over the sector. The project has already been approved by the House of Representatives and continues its process in the Senate, as reported by CriptoNoticias.
In parallel, more than 100 companies in the ecosystem of cryptocurrencies have asked the Senate Banking Committee to accelerate its reviewwarning about the need for greater regulatory clarity to avoid regulatory fragmentation and provide stability to the cryptocurrency market in the country.