Top story: Begich's ARMA Bill Would Codify a U.S. Bitcoin Reserve. At publication, Bitcoin was at $73,541 (-0.3% in 24h), Ether at $2,046.33 (-0.9% in 24h) and the total crypto market cap at $2.46 trillion (-3.2% in 24h).
Begich Introduces ARMA to Codify a U.S. Strategic Bitcoin Reserve in Statute
Rep. Nick Begich introduced the American Reserve Modernization Act to put a U.S. strategic bitcoin reserve into statute, building on a March 2025 executive order. The bill has bipartisan backing and would authorize Treasury to acquire up to 200,000 BTC per year for five years.
MSCI said it will remove Strategy (MSTR) from its USA, World and ACWI indexes effective after the close on November 30, after classifying the bitcoin-heavy company as a non-operating issuer. Passive funds tracking those indexes must sell by that date, and estimates of the resulting selling vary widely.
OKXICE, the joint venture of OKX and Intercontinental Exchange, will open tokenized stock trading on November 23 with more than 70 assets under a temporary SEC exemption. Sixty-seven companies, including Apple, Tesla and Meta, have sent written objections to third-party tokenizations of their shares, and launch access is limited to eligible U.S. customers.
Onchain market capitalization of tokenized funds has reached $32.4 billion, with Ethereum accounting for 59.6% of the total, according to Crypto Briefing. CoinDesk separately reports that Spiko's Amundi-linked money market fund held $2.39 billion in assets under management, making it one of the largest single products in the category.
Rep. Nick Begich introduced the American Reserve Modernization Act, which would require Treasury to hold a bitcoin reserve for at least 20 years and consolidate federal crypto holdings. Sources differ on the size of the existing federal stash, with one putting it above $25 billion.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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