U.S. Republican Lawmakers Push for National Bitcoin Reserve Legislation

U.S. Republican lawmakers are accelerating efforts to pass the new ARMA Act, aiming to complete the legislation while the party still controls both houses of Congress. According to ChainCatcher, the proposed bill advocates for the establishment of a national Bitcoin reserve in the United States, with a plan to hold approximately 5% of the global circulating supply of Bitcoin over the long term. Market sources indicate that within the Republican Party, there is a push to elevate Bitcoin's strategic reserve status to a level of national financial and geopolitical competition. The party believes that the U.S. should assert a leading position in the global digital asset system. If the bill is passed, the U.S. government could become one of the largest Bitcoin holders worldwide, further reinforcing the narrative of Bitcoin as "digital gold" and a sovereign reserve asset.