U.S. Congressman Nick Begich stated plans to reintroduce a Bitcoin strategic reserve bill in the coming weeks, renaming the previous BITCOIN Act to the American Reserves Modernization Act (ARMA) to garner broader congressional support. The bill aims to establish Bitcoin as a U.S. strategic reserve asset and codify Donald Trump’s prior executive order on creating a permanent Bitcoin holding mechanism into law. The earlier version also included a provision to purchase 1 million Bitcoins over 5 years in a 'budget-neutral' manner. Begich mentioned that the new version of the bill has been adjusted, but specific details were not disclosed. (The Block) https://(wublock123.com)/news/house-representative-reintroduces-bitcoin-reserve-bill-enacts-trump-executive-order-60177