Senator Lummis Proposes U.S. Bitcoin Strategic Reserve

The BITCOIN Act seeks to codify President Trump's executive order, authorizing the U.S. government to acquire 1 million Bitcoin over five years.

Sen. Cynthia Lummis (R-WY) reintroduced the BITCOIN Act, aiming to establish a Bitcoin strategic reserve and solidify President Trump's recent executive order into law.
The legislation mandates the U.S. government to purchase 1 million Bitcoin, valued at approximately $80 billion, over a five-year period using Federal Reserve remittances and updated gold certificate valuations.
The reserve would be stored in a decentralized network of secure facilities, with a 20-year minimum holding period for all Bitcoin acquired under the program.
The bill, co-sponsored by five Republican senators and mirrored by a House bill from Rep. Nick Begich (R-AK), emphasizes the importance of Bitcoin for financial innovation and addressing national debt.
While Trump's executive order focuses on Bitcoin seized through forfeitures, the BITCOIN Act goes further by initiating government purchases to secure a long-term strategic asset.