A bipartisan group of U.S. representatives introduced the American Reserve Modernization Act of 2026 to establish a Strategic Bitcoin Reserve at the Treasury. The bill would authorize purchases of up to 1 million bitcoin over five years, require a minimum 20-year holding period, mandate quarterly proof-of-reserve reports and independent audits, and protect self-custody rights, but it still must clear the Senate.

The summary describes proposed U.S. legislation to buy up to 1 million bitcoin, lock holdings for 20 years, and add reporting and audit requirements. It is bullish for bitcoin if enacted, but the bill is still only introduced and faces Senate hurdles, limiting immediate market impact.