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ARMA has passed the legislature and would lock qualifying federal reserve Bitcoin in place for two decades from enactment, with annual audited reporting attached. The immediate channel is supply, not demand: a statutory hold removes the tail risk of government liquidation into spot markets, but the bill leaves purchases only as a study, so there is no new sovereign bid to support BTC beta. Watch enactment itself and any follow-through from the purchase study, since an acquisition mandate would be the first genuinely flow-positive step for BTC and crypto-linked equities such as COIN and MSTR.
As a Policy signal, watch whether it changes price action, volatility, or flows around BTC.
Original Source: CryptoSlate
This page is market information analysis, not investment advice.
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