US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Today astatine the Bitcoin Policy Institute’s “Bitcoin for America” summit successful Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategical Bitcoin reserve authorities successful the Senate today.

“I americium truthful pleased to denote that contiguous I volition beryllium reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll beryllium joined present soon by Senator Justice of West Virginia, who is 1 of the cosponsors. And we person respective different further cosponsors. And a batch of it is simply a effect of the excitement that’s been building.”

“So acold cosponsors are [Tommy] Tubberville, [Marsha] Blackburn, [Roger] Marshall, [Bernie] Moreno, and [Jim] Justice,” Lummis continued. “We person a mates much feelers retired for archetypal cosponsors contiguous but, the House arsenic good done Nick Begich, has six archetypal consponsors.”

Complimentary to Senator Lummis’ Bitcoin enactment successful the Senate, U.S. Congressman Nick Begich announced helium volition besides beryllium introducing the Bitcoin reserve authorities successful the House today.

“Today, I volition beryllium introducing the Bitcoin Act of 2025 successful the United States House,” Congressman Begich said. “This is simply a bold and guardant looking legislative inaugural designed to guarantee the United States secures its fiscal independency and maintains its enactment successful the planetary integer economy.”

“The momentum is successful our hands and we request to marque this happen. Thankfully, President Trump is with america and the opportunities are boundless,” Lummis concluded.

Just past week, President Donald Trump signed an enforcement bid to make a national strategical Bitcoin reserve. The reserve is to beryllium made up of confiscated bitcoin by the national authorities from hacks and seizures, creating an estimated reserve of astir 200,000 BTC, pending an authoritative audit. However, this reserve, arsenic it stands, has the imaginable to beryllium overturned by aboriginal statesmanlike administrations. Legislation similar the Bitcoin Act of 2025 would lick this imaginable contented arsenic it would spot the United States acquisition 200,000 bitcoin per twelvemonth until it has bought a full of 1,000,000 BTC — to beryllium held for a minimum of 20 years.

$115 cardinal plus manager VanEck claims that this strategical bitcoin reserve “could assistance offset nationalist debt”, stating that “if the U.S. authorities follows the BITCOIN Act’s projected way – accumulating 1 cardinal BTC by 2029 – our investigation suggests this reserve could offset astir $21 trillion of nationalist indebtedness by 2049.”