US House Committee Passes ARMA Act to Establish Strategic Bitcoin Reserve

The U.S. House Financial Services Committee voted 28-21 to pass the American Reserve Modernization Act (H.R. 8957), a bill aimed at codifying President Trump's strategic Bitcoin reserve policy. The legislation mandates that the federal government freeze seized Bitcoin for at least 20 years, preventing liquidation, and requires quarterly audits and proof-of-reserve reports. The bill also authorizes the storage of state-held Bitcoin within the Federal Reserve system and explicitly affirms the rights of private citizens to hold and self-custody Bitcoin. The proposal now moves to the full House and Senate for further consideration.