On Thursday, U.S. lawmakers introduced the American Reserve Modernization Act of 2026, a bipartisan initiative led by Alaska Republican Representative Nick Begich. The act proposes the acquisition of 1 million Bitcoin over five years, establishing a Strategic Bitcoin Reserve that would require the digital currency to be held for a minimum of 20 years unless sold to reduce the national debt, which currently exceeds $39 trillion. The U.S. already holds 328,372 Bitcoin, valued at over $25.5 billion, making it the largest holder among nations, but lacks a coherent strategy for managing this asset. The bill aims to create a framework for managing seized Bitcoin, as the Treasury recently seized nearly $500 million in Iranian cryptocurrency assets. Additionally, the act emphasizes budget-neutral acquisition methods and mandates quarterly proof of reserves and independent audits to ensure transparency. Supporters argue that this legislation could bolster America's economic position in the growing digital asset landscape, with bipartisan backing evident as more than a dozen co-sponsors have joined the effort.