May 24
Seizing Ayatollah's Bitcoin: America's New Fort Knox Plan Races The Midterm Clock, Says Congressman Begich
➤ Congressman Nick Begich has proposed the American Reserve Modernization Act (ARMA) to establish a U.S. Strategic Bitcoin Reserve, aiming to hold 5% of the global Bitcoin supply. ➤ The reserve would be funded by seized Iranian cryptocurrency assets, with no taxpayer dollars required, and is being framed as a 'new Fort Knox'. ➤ The bill's proponents emphasize the urgency of passing the legislation before the upcoming midterm elections to establish U.S. regulatory leadership in the crypto space.