- Sen. Cynthia Lummis, with the fervor of a preacher at a revival, has reintroduced the bitcoin-usd/”>BITCOIN Act of 2025, aiming to create a U.S. Strategic Bitcoin Reserve.
- The bill is now off to the Senate for a good old-fashioned debate, while its House counterpart is being scrutinized like a suspicious pie at a county fair.
At the Bitcoin Policy Institute’s “Bitcoin for America” summit in the bustling heart of Washington, D.C., Senator Cynthia Lummis stood before the crowd, her voice echoing with the weight of a thousand dreams, as she reintroduced the BITCOIN Act of 2025. This legislative endeavor seeks to weave Bitcoin [BTC] into the very fabric of U.S. financial reserves, like a patch on an old quilt.
Following in the footsteps of President Donald Trump’s executive order, which had already set the stage with confiscated Bitcoin from federal seizures, this bill is like a second chance at love—only this time, it’s got a better chance of sticking around.
Originally introduced in 2024, it stumbled and fell, but now it returns, dressed in new modifications and backed by a cadre of Republican senators who seem to have found religion in cryptocurrency.
Lummis, a steadfast champion of Bitcoin, declared with the passion of a true believer,
“Bitcoin is not simply a technological opportunity, but a national imperative for America’s continued financial leadership in the 21st century.”
She’s not alone in this crusade; a coalition of co-sponsors, including Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno, have joined her in this digital odyssey.
Meanwhile, in the House, Congressman Nick Begich has introduced a complementary bill, backed by six Republican co-sponsors, because why not have a party on both sides of the aisle?
Begich, with a twinkle in his eye, called this effort a “bold and forward-looking legislative initiative” to ensure the U.S. remains the heavyweight champion in the global digital economy.
Trump’s executive order was just the beginning
Just last week, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, allocating a whopping 200,000 BTC valued at over $16 billion at current market prices. That’s a lot of zeros, folks!
This order places these holdings under federal control, but without congressional legislation, future administrations could pull a fast one and reverse the policy. It’s like putting your trust in a cat to guard your fish.
The BITCOIN Act aims to make Bitcoin holdings a permanent fixture within the U.S. Treasury, ensuring the government actively accumulates BTC instead of waiting for the next federal seizure like a kid waiting for Christmas.
Michael Saylor, of Strategy (formerly MicroStrategy), threw his hat in the ring, supporting Senator Lummis’ stance, emphasizing the need for U.S. leadership in Bitcoin adoption. He proclaimed,
“I’m here today to show you how the Strategic Bitcoin Reserve represents a strategy for United States digital supremacy in the 21st century.”
If this bill passes, it would require the government to acquire BTC through remittances from the Federal Reserve and Treasury funds, without dipping into taxpayer pockets. Talk about a win-win!
One million Bitcoins? The U.S. has a plan for that!
The BITCOIN Act of 2025 aims to legally establish the Bitcoin reserve, ensuring it cannot be reversed by future policies. It’s like putting a lock on your cookie jar.
The plan includes purchasing 200,000 BTC annually over five years, allowing the U.S. to accumulate one million Bitcoins by 2029. These assets must be held for a minimum of 20 years, managed by the Treasury, like a prized family heirloom.
Funding for these acquisitions will come solely from Federal Reserve remittances, gold certificates, and Treasury assets, without relying on taxpayer dollars. So, no need to worry about your wallet, folks!
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2025-03-12 12:12