Key Takeaways:
- BITCOIN Act Reintroduced: Senator Cynthia Lummis has reintroduced the BITCOIN Act, proposing a U.S. government Bitcoin reserve exceeding 1 million BTC.
- Funding & Acquisition: The bill outlines acquiring 200,000 BTC annually for five years using reallocated federal funds, with additional Bitcoin obtained through legal forfeitures, gifts, or transfers.
- Policy Updates: New provisions address Bitcoin forks and airdrops, allowing retention of the most valuable asset post-evaluation.
Senator Cynthia Lummis has reintroduced the BITCOIN Act in the 119th Congress, bringing in new co-sponsors and key updates.
The bill, first introduced in July, proposes that the US government acquire 200,000 Bitcoin annually for five years, totaling 1 million BTC.
Proud to re-introduce the BITCOIN Act. Let’s secure America’s financial future.pic.twitter.com/jJFmMopP7h
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
The purchases would be funded by reallocating existing resources within the Federal Reserve and the Treasury Department.
The updated BITCOIN Act of 2025 allows the government to exceed this 1 million BTC threshold through legal means other than direct purchases, such as forfeitures, gifts, or transfers from federal agencies.
US states can also contribute their Bitcoin holdings to the strategic reserve, though these will be stored separately.
New co-sponsors of the bill include Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno.
The bill also introduces a structured evaluation process for Bitcoin forked and airdropped assets.
The bill’s reintroduction follows President Trump’s recent executive order to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile, signaling a shift in US cryptocurrency policy.
The reserve will initially use seized Bitcoin and aims to grow through budget-neutral strategies, potentially making the US a major player in Bitcoin accumulation.
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