The authors of ARMA are Republican Nick Begich and Democrat Jared Golden. The project is based on Trump's 2025 executive order. BTC is prohibited from being sold for at least 20 years. After this period, the Secretary of the Treasury can recommend selling up to 10% of the reserve's assets during any two-year period. Unlike previous proposals regarding a BTC reserve, ARMA does not specify the purchase of 1 million BTC ($77.5 billion). Instead, the Treasury and the Department of Commerce can make purchases using mechanisms that do not affect the budget. This may include asset conversion, revaluation of gold certificates, confiscation, and customs receipts. ARMA also requires federal agencies to provide a full report on digital assets within 60 days and to conduct quarterly reports on the reserves. According to BitcoinTreasuries, the U.S. holds 328,400 BTC ($25.5 billion) — 1.6% of all coins.