bitcoinact

Sen. Lummis Reintroduces U.S. Strategic Bitcoin Reserve Bill
Senator Cynthia Lummis has reintroduced her plan to reserve strategic Bitcoin assets, which is in step with President Donald Trump’s plan to make the United States a leader in the digital space. 
The bill, called the BITCOIN Act, was first presented in July last year but didn’t pass. Now, Lummis is trying again with a few changes. 
In a post on X, she said the bill will help strengthen America’s financial position by officially making Bitcoin part of the country’s reserves. 
This comes just days after Trump signed an executive order to establish a Bitcoin reserve using seized digital assets.
The bill proposes that the government purchase up to 1 million Bitcoins in five years, making a rough 5% of all the Bitcoin circulation. These holdings will be under the control of the US Treasury and will be stored under protected and decentralized vaults located around the country. 
The purpose of these bills is to pay for it by savaging existing funds from the Federal reserve and Treasury accounts, so taxpayers won’t have to pay for these bills. It also includes strict audits to ensure transparency and prevent the misuse of funds.
Many republican senators are in favor of the bill, like Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno. 
Meanwhile, Republican candidate for the House of Representatives Nick Begich also put forth a similar bill, which further strengthened the support for the idea. 
Senator Tuberville is confident this will help sustain the economy: “Creating a Strategic Bitcoin Reserve is an important step in making sure the United States remains the strongest economy in the world,” Tuberville said in a recent statement. “There’s no reason why we shouldn’t use Bitcoin to pay down our national debt.”
Trump’s executive order on Bitcoin didn’t authorize new purchases but focused on managing Bitcoin assets that law enforcement has already seized. Additionally, Bitcoin prices have not been performing well. It recently dipped below $70,000 before regaining back to $81,748. Many are skeptical about the government investing in such a fluctuating asset.
Lummis has always been a supporter of Bitcoin and wants it to be part of the U.S financial system. If her bill is approved, it could set the stage for more government involvement in cryptocurrency.
#Washington #BitcoinAct #StrategicCryptoReserve

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This is not just a meeting. It is an attempt to rewrite the architecture of digital regulation.
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• On Thursday, crypto leaders will meet with the U.S. Senate Banking Committee.
• Discussion: market structure, DeFi status, delineation of securities vs commodities.
• Confirmed participants:

On March 20, 2025, the Donald Trump administration and Republican allies in the Senate appear to be using crypto policy as a 'spear' to challenge the autonomy of the Federal Reserve (Fed). From demanding the Fed grant master accounts to crypto banks to a bill mandating the purchase of 80 billion USD in Bitcoin, Trump is aiming to eliminate the independence of the Fed – a status that has not been broken since 1951. Is this a golden opportunity or a dangerous trap for the crypto industry?

Senator Lummis updates on Bitcoin Act progress at Bitcoin 2025. 
President Trump supports the bill for a strategic Bitcoin reserve.Senate Banking Committee passes bill; floor vote pending. U.S. aims to acquire 1 million Bitcoins, like gold reserves.Move critical for U.S. leadership in financial innovation.
#SenatorLummis #BitcoinAct #StrategicReserve #Bitcoin2025 #CryptoLegislation
At the Bitcoin 2025 conference on May 27, 2025, Senator Cynthia Lummis provided an update on the Bitcoin Act. She highlighted its progress toward establishing a strategic Bitcoin reserve for the U.S.
Lummis stated that President Trump supports the Bitcoin Act. A team in the White House is working on digital asset issues, including stablecoins, market structure, and the Bitcoin strategic reserve. She emphasized the bill’s importance for America’s financial future.
The Senate Banking Committee has passed the bill. It is close to being ready for a floor vote upon returning from a break. Lummis noted the extensive work with the Minority Party to satisfy their concerns.
She underscored the strategic necessity of the U.S. leading in this area. Other countries are moving toward establishing their own Bitcoin reserves. The Bitcoin Act aims to acquire approximately 1 million Bitcoins, mirroring the size and scope of U.S. gold reserves.
This move is intended to bolster America’s balance sheet and ensure its position as a global leader in financial innovation. Lummis described it as a pivotal moment for the U.S. economy.

New Milestone for Bitcoin and Crypto

Senator Cynthia Lummis, dubbed the 'Bitcoin Senator,' asserts that 2025 will be a critical time for $BTC and digital assets. She is committed to working closely with David Sacks, appointed as the 'Crypto Czar,' to push for comprehensive legislation on digital assets and the 'Strategic Bitcoin Reserve' initiative.

The administration of President Donald Trump has not hidden its ambitions with Bitcoin. A White House official recently stated that the US wants to acquire as much Bitcoin as possible, even not setting any limits for the country's strategic reserve. But how can the US own a massive amount of BTC without affecting the national budget?

How Much Bitcoin Does the US Want to Accumulate?

At a closed-door meeting hosted by the Bitcoin Policy Institute on Tuesday, Bo Hines, the executive director of the Presidential Working Group on Digital Assets, stated that the White House wants to own as much Bitcoin as possible.