Rep. Nick Begich and Rep. Jared Golden, those paragons of fiscal wisdom, have unveiled the American Reserve Modernization Act of 2026 (ARMA), a legislative marvel that promises to transform the United States into a digital titan by hoarding a million bitcoins, a decision as sensible as teaching a parrot to recite Kant.
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Key Takeaways:
- Rep. Begich, a man of vision, seeks to purchase 1M Bitcoin, a move that will undoubtedly send the markets into a frenzy, much like a toddler with a paintbrush and a wall.
- Funding this endeavor through gold, the US Treasury will buy 200K BTC yearly, a strategy as sound as betting your savings on a roulette wheel.
- Following a March 2025 EO, ARMA claims to stabilize markets, a feat akin to calming a storm with a lullaby and a cup of tea.
Bipartisan Strategic Bitcoin Reserve Bill Introduced To Congress
Alaska Rep. Nick Begich and Maine Rep. Jared Golden, those stalwarts of progress, announced the introduction of the American Reserve Modernization Act of 2026 (ARMA), a bill that will create a strategic bitcoin reserve, a decision as prudent as inviting a hurricane to tea.
The bill would extend the provisions of the “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile” Executive Order signed by President Trump on March 6. 2025, with some new additions, because nothing says “innovation” like adding a dash of chaos.
ARMA establishes a bitcoin reserve and a digital asset stockpile to be managed by the U.S. Department of the Treasury, and requires all federal agencies to provide a full accounting of digital assets held in their possession, because transparency is always the first step in a grand scheme.
The legislation empowers the Treasury to acquire up to 200,000 BTC per year for five years, aiming to reach a goal of 1 million BTC under federal custody, a feat as achievable as convincing a cat to fetch a ball.
Under ARMA, bitcoin purchases would be conducted in a budget-neutral way, using gold revaluation to produce the funds needed for these acquisitions, a financial acrobatics routine that would make a magician weep.
Begich stated that ARMA “positions the United States to lead confidently in the digital age while protecting taxpayer interests, strengthening financial sovereignty, and reinforcing the principles of transparency and sound stewardship,” a statement as sincere as a politician’s promise to reduce taxes.
Golden stressed that cryptocurrency was not the “fringe phenomenon” it was once, and that Congress was due to set policies on what to do with the bitcoin held by the U.S., a task as daunting as teaching a fish to dance.
“Administrations have auctioned it off or held it in reserve, according to the whims of the executive branch. By creating a strategic reserve with the weight of law, the ARMA reinforces stability and gives Congress more time to establish long-term policy for how the federal government approaches cryptocurrency,” he concluded, a sentiment as comforting as a bedtime story told by a ghost.
Similar legislation is currently being debated in Brazil, targeting spending of up to 5% of all the country’s foreign reserves on BTC. The bill also aims to acquire 1 million BTC over 5 years, a plan as feasible as convincing the moon to orbit the Earth differently.
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2026-05-22 00:31