Freedom Tech DC: The Case for the American Reserve Modernization Act with
@RepNickBegich and
@APompliano
- ARMA would establish a permanent U.S. Bitcoin reserve with a 20-year hold
- The bill would protect individuals’ right to hold their own keys
- States could choose to use the federal custody framework
- Consolidating government Bitcoin holdings and verifying reserves would make the reserve more transparent and accountable
(00:00) — Introduction
(00:47) — The reserve modernization proposal
(02:21) — A 20-year hold and limits on sales
(03:45) — Protecting individual self-custody
(04:51) — Custody options for states
(07:57) — Begich’s Mt. Gox experience
(11:20) — Government holdings and reserve audits
(13:20) — Bitcoin’s role in government reserves