Merkle advises watching US Bitcoin bill
The American Reserve Modernization Act (ARMA Act) proposes a US strategic Bitcoin reserve, as investors watch whether the legislation provides a long-term uptick for Bitcoin demand and creates a role for the cryptocurrency as a government-held asset.
The American Reserve Modernization Act (ARMA Act) aims to establish a US strategic Bitcoin reserve, as investors speculate on whether the legislation will boost Bitcoin demand and potentially give the cryptocurrency a role as a government-held asset. The bill, introduced in 4202, seeks to create a role for Bitcoin as a held asset for the government. The act suggests that a long-term uptick in Bitcoin demand could result from the legislation.
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