US Congress Promotes Reserves Modernization Act... Is 1 Million BTC Reserve a Reality?

▲ Bitcoin (BTC), XRP (XRP), Cryptocurrency Regulation / AI Generated Image

As the movement to incorporate Bitcoin (BTC) as a national strategic asset in the US reignites, policy risks that could shake up the market landscape have re-emerged.

According to Coingape, a cryptocurrency specialized media outlet, on April 28 (local time), the U.S. Congress is showing signs of reintroducing the existing Strategic Bitcoin Reserve bill, revamped as the ‘American Reserves Modernization Act’. The core of this bill is to elevate the Strategic Bitcoin Reserve executive order, signed by then-U.S. President Donald Trump, into law.

Already in March 2025, the Trump administration officially announced the Strategic Bitcoin Reserve policy, stockpiling Bitcoin as a national reserve asset. This policy is designed to accumulate government-held Bitcoin long-term and explore ways to secure additional holdings.

Congressional legislative efforts are also continuing. Republican lawmakers have continuously pushed for legislation to enshrine this policy into a permanent legal framework, and this revised bill is interpreted as a strategy to complement the existing bill and increase its chances of passing.

Concurrently, a bill aimed at strengthening strategic reserves in conjunction with the Bitcoin mining industry has also been introduced in the Senate. This bill includes content that expands national Bitcoin accumulation through a structure where the government secures mined Bitcoin.

The market views this re-advancement of the bill as more than just a policy discussion; it's seen as a signal of changes in the global financial order. This is because if Bitcoin is incorporated as a national reserve asset, the supply structure itself would change, which could significantly impact price formation mechanisms.

The speed of policy advancement remains a variable. Although the White House and Congress are cooperating to push for legislation, it is suggested that actual institutionalization could take considerable time depending on political schedules and regulatory discussions.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*