Svmuu reported that U.S. Representative Nick Begich stated at the Bitcoin 2026 conference that he plans to reintroduce his Bitcoin Strategic Reserve Act in the coming weeks, renaming the original "BITCOIN Act" to the "U.S. Reserve Modernization Act." The bill aims to codify President Trump's executive order into law, establishing a permanent Bitcoin reserve. It requires Bitcoin to be held for an "extended period" and to acquire 1 million BTC over five years through a "budget-neutral strategy." Begich stated that the renaming is intended to help Congress and the American people better understand the bill's objectives, ensuring Bitcoin is treated as a reserve asset. He also noted that given the uncertainty surrounding the next administration's stance on digital assets, now is the opportune moment to lock in gains by having Congress take action. (The Block)