US Congress Pushes for Reserves Modernization Act... Is 1 Million BTC Reserve Becoming a Reality?

▲ Bitcoin (BTC), XRP (XRP), Cryptocurrency Regulation/AI-generated image

As the movement to incorporate Bitcoin (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 US Congress is showing signs of revamping the existing Strategic Bitcoin Reserve Act into the ‘American Reserves Modernization Act’ and reintroducing it. The bill's core aim is to elevate the Strategic Bitcoin Reserve Executive Order, signed by former US President Donald Trump, into law.

Already in March 2025, the Trump administration formalized the Strategic Bitcoin Reserve policy, which involves 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.

Legislative attempts at the congressional level are also continuing. Republican lawmakers have continuously pushed for legislation to enshrine this policy into a permanent legal framework, and this revised bill is also 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 provisions to expand national Bitcoin accumulation through a structure where the government secures mined Bitcoin.

The market views this renewed push for 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, potentially having a significant impact on price formation mechanisms.

The speed of policy implementation remains a variable. Although the White House and Congress are collaborating to push for legislation, there's a possibility that actual institutionalization could take considerable time, depending on the political calendar and regulatory discussions.

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