US Lawmakers Renew Strategic Bitcoin Reserve Push With ARMA Bill
by Brayden Lindrea via CoinTelegraph.com,
US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursda
What the Documents Show
Yet the legislative framework contains no disclosure requirements for what economists call "signaling effects": the documented phenomenon where announced government purchases lift asset prices before acquisition actually occurs. The timing warrants scrutiny. government currently holds 328,372 Bitcoin worth $25.5 billion, accumulated through criminal forfeitures, bankruptcy proceedings, and regulatory settlements—not breakthroughstrategicstrategic-bitcoin-reserve-announcement-is-immine.html" title=""A Breakthrough": White House Says Strategic Bitcoin Reserve Announcement Is Imminent" style="color:#1a1a1a;text-decoration:underline;text-decoration-style:dotted;font-weight:500;">strategicstrategic-bitcoin-reserve-announcement-is-immine.html" title=""A Breakthrough": White House Says Strategic Bitcoin Reserve Announcement Is Imminent" style="color:#1a1a1a;text-decoration:underline;text-decoration-style:dotted;font-weight:500;">strategic purchasing. The ARMA bill and its predecessor, the BITCOIN Act introduced in July 2024, represent a categorical shift toward treating Bitcoin as a strategic national asset class akin to petroleum reserves or gold bullion. Representative Jared Golden framed the policy gap: "The US is already one of the largest holders of Bitcoin in the world.
Follow the Money
But Congress has never set a federal policy on what do to with that asset." What Golden didn't mention is who profits from the announcement itself. Market structure reveals the vulnerability. When the Treasury Department declares it will purchase 1 million Bitcoin "over five years through budget-neutral strategies"—the bill's explicit language—early disclosure creates what trading floors call a "front-running opportunity." Existing large Bitcoin holders, including institutional investors and crypto exchanges with advance knowledge of legislative momentum, can position ahead of Treasury purchases. The bill sponsors haven't disclosed which federal agencies will execute buys, at what price points Treasury will accumulate, or whether existing large Bitcoin holders will be given preferential access to sale arrangements. Patrick Witt, representing the President's Council of Advisors for Digital Assets, described ARMA as "Version 2" after the White House spent "considerable time examining legal implications"—but the White House hasn't published those legal analyses publicly. Strive CEO and chairman Matt Cole called ARMA "the single most important crypto legislation" Washington could pass.
What Else We Know
What Cole didn't disclose in that statement: Strive's business model depends on asset inflation. The firm manages cryptocurrency investment products whose valuations rise directly with policy-driven demand signals. The bill's sponsors represent districts with varying exposure to blockchain industry lobbying. Representative Begich represents Alaska, a state with minimal crypto infrastructure. Representative Carey represents Ohio, which has actively courted crypto mining operations. Neither legislator disclosed cryptocurrency holdings or lobbying contact records relevant to this bill's drafting, according to available filings.
Primary Sources
- Source: ZeroHedge
- Category: Money & Markets
- Cross-reference independently — don't take our word for it.
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