Search results for ARMA
Crypto
KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads
South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.
Crypto
U.S. lawmaker says U.S. should seek to secure 5 percent of bitcoin supply, sets six-month legislative deadline
Republican U.S. Representative Nick Begich has proposed targeting about 5 percent of total bitcoin supply for a U.S. strategic bitcoin reserve. In an interview with Fox Business, he urged lawmakers to pass related legislation within about six months, before the 2026 midterm elections. He backed the ARMA bill and likened a bitcoin reserve to a “new Fort Knox.” Funding options discussed include using crypto seized under Iran sanctions, with Japan yen figures cited.
Crypto
U.S. Congress introduces \'ARMA\' bill to mandate 20-year holding of bitcoin reserves
Seventeen Republican and Democratic lawmakers in the United States have introduced a bill dubbed ARMA to make government-held bitcoin a strategic reserve asset. The bill would require the Treasury to hold digital assets as reserve assets for at least 20 years and consolidate seized or forfeited digital assets held across federal agencies under Treasury management. It would also mandate proof-of-reserves reporting. The proposal does not require additional bitcoin purchases.
