US Lawmaker Proposes Adding Bitcoin to National Reserve Assets

US Representative Nick Begich has introduced a bill that proposes adding Bitcoin to the nation's reserve assets. The American Reserve Modernization Act aims to adapt the US reserve portfolio to evolving market perceptions of value and could potentially legitimize Bitcoin as a reserve currency.

The bill, which is part of a broader global conversation about digital assets in national financial systems, faces significant political hurdles in Congress. Its introduction marks a notable step in the mainstream acceptance of cryptocurrency, but its passage is uncertain due to partisan divisions on cryptocurrency regulation.