US Bitcoin reserve bill faces bipartisan test in House committee

The American Reserve Modernization Act (ARMA), or H.R. 8957, faces a House Financial Services Committee vote on September 16. The bill, which aims to establish a formal federal Bitcoin reserve, currently lacks Democratic support within the committee, contrasting with the bipartisan backing seen for the CLARITY Act in 2025. While 23 members have cosponsored the bill, only one is a Democrat, and he is not a member of the committee, raising questions about the proposal's ability to gain the cross-party support necessary for advancement.