finance
Representative Introduces Bill to Consolidate Government Digital Assets
Representative Nick Begich introduced the American Reserve Modernization Act, which would gather U.S. government-held digital assets into a single national reserve. The legislation aims to establish protections for those holdings.
May 21, 11:22 AM·1m read1 source
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U.S. government-held digital assets into a protected national reserve. The legislation seeks to bring together digital assets currently held across different government agencies under one framework.
The American Reserve Modernization Act would create a single structure for managing these assets. The bill specifies measures intended to protect the consolidated holdings.
The legislation has been introduced in the House of Representatives.
Further action on the bill will depend on committee review and subsequent votes.
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