Wu Blockchain has learned that the U.S. House Financial Services Committee passed the H.R. 8957 'American Reserve Modernization Act' (ARMA), proposed by Congressman Nick Begich, with 28 votes in favor and 21 against. The bill will now move to the next legislative process. Begich stated that the bill aims to protect the right to self-custody of digital assets and establish a unified custody framework for digital assets held by the U.S. federal government, as determined by Congress. During the drafting process, consultations were held with the U.S. Department of Commerce, the Treasury Department, and experts in related fields. https://(wublock123.com)/news/house-financial-services-committee-passes-us-reserve-modernization-bill-68510