Odds of a US Bitcoin Reserve by 2027 Fall to 4–9.5%
- —Committee approved ARMA 28–21, replacing purchases with a 180-day Treasury feasibility study
- —Senate passage needs 60 votes with 53 Republicans; the CLARITY Act failed 49–50 in September
- —70 days remain before the 119th Congress expires, with only 10–15 lame-duck working days
- —Strategy holds over 848,250 BTC, while Texas and Arizona have enacted state reserve laws
Why it matters: Without a purchase mandate the bill creates no sovereign demand, so the market is not pricing in a supply squeeze.
Source: Coinpedia