A bipartisan bill aims to establish Treasury-backed custody rules for Bitcoin amid rising concerns over security and regulatory gaps.
US lawmakers have introduced the ARMA bill, which would implement federal Bitcoin custody standards for government-held assets. The proposal follows bipartisan criticism of current security vulnerabilities, including recent high-profile breaches of government-held crypto reserves.
The bill emerges as part of broader debates on digital asset regulation, with proponents arguing it could reduce risks of theft or mismanagement. Comparable frameworks exist for traditional assets but remain absent for cryptocurrencies, despite growing state-level adoption.
No immediate market reaction was reported, though analysts suggest clearer custody rules could boost institutional confidence in Bitcoin holdings.