Svmuu News: Bitcoin News posted on X stating that the House’s on-site hearing on the CLARITY Act in New York will also discuss H.R. 8957, the U.S. Reserve Modernization Act, which would establish a U.S. strategic Bitcoin reserve.The proposal would authorize the Treasury Department to acquire Bitcoin through budget-neutral mechanisms rather than imposing new costs on taxpayers, and would require periodic audits, secure custody standards, and transparency regarding the government’s Bitcoin holdings. Supporters believe that ARMA would position Bitcoin as a long-term strategic reserve asset on par with those of other nations.Today’s hearing focused on how the CLARITY Act would unlock innovation in digital assets, and the inclusion of ARMA on the agenda indicates that congressional discussions regarding federal Bitcoin reserves are still moving forward.