A new US bill aimed at creating a long-term national Bitcoin reserve is gaining support in Congress, with Representative Matt Van Epps calling it an important step for the country’s financial future.
Van Epps said the American Reserve Modernization Act (ARMA) reflects the rapid growth of the Bitcoin community in Nashville, which has become one of the major crypto hubs in the United States. He pointed to Bitcoin Park and the return of the Bitcoin conference to Nashville in 2027 as signs of the city’s growing role in the digital asset industry.
The bill was introduced on May 21 by Representative Nick Begich with Democratic co-lead Representative Jared Golden. It would officially turn President Donald Trump’s March 2025 executive order on a Strategic Bitcoin Reserve into permanent law, preventing future administrations from reversing it easily.
Under the proposal, the US Treasury would be allowed to acquire up to 1 million Bitcoin over five years, with purchases capped at 200,000 BTC per year. The Bitcoin held in reserve could not be sold for at least 20 years unless the funds are used specifically to reduce the national debt, which lawmakers say has now reached $39 trillion.
The bill would also create a separate Digital Asset Stockpile for non-Bitcoin crypto assets already owned by the federal government through law enforcement seizures.
Supporters say the plan would strengthen America’s position in the digital asset economy while protecting long-term value. The US government is already estimated to hold more than 328,000 Bitcoin from major criminal cases, including the Silk Road investigation and the 2022 Bitfinex hack recovery.
ARMA also includes protections for individuals, confirming that Americans would continue to have the legal right to own, transfer, and self-custody digital assets.
The legislation builds on the earlier BITCOIN Act introduced by Begich and Senator Cynthia Lummis in 2025. A similar version is also being discussed in the Senate with support from Senator Bill Cassidy.
Meanwhile, White House crypto adviser Patrick Witt recently hinted that a major update related to the administration’s Bitcoin reserve plans could arrive in the coming weeks.
