Senator Lummis Reintroduces Bitcoin Act for 1 Million BTC Reserve
The bill aims to create a Strategic Bitcoin Reserve (SBR) for the U.S., following President Donald Trump’s executive order establishing the reserve earlier this year.
Lummis unveiled the reintroduction of the BITCOIN Act at the National Press Club in Washington, D.C., emphasizing the importance of Bitcoin as “freedom money.” She was joined by several Republican co-sponsors, including Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville. Lummis promised to make a strong push to promote the understanding of Bitcoin’s value in ensuring financial freedom.
The BITCOIN Act and Strategic Bitcoin Reserve
The BITCOIN Act seeks to establish a formal Bitcoin Purchase Program that would see the U.S. government purchase up to 1 million BTC, or about 5% of the total BTC supply, over a period of five years. This initiative would mirror the U.S. gold reserves’ size and scope, offering Bitcoin as an additional store of value to support America’s financial foundation. The legislation proposes that these Bitcoin holdings be managed transparently and held for at least 20 years.
Lummis framed the bill as a pivotal step toward codifying President Trump’s vision of a Strategic Bitcoin Reserve, which aims to fortify the nation’s economic future while addressing national debt concerns. By officially enacting this reserve, Lummis believes the U.S. can strengthen its position in the global economy while maintaining a competitive edge in the digital era.
A Complementary Move to Trump’s Executive Order
This reintroduction follows President Trump’s executive order on March 6, which formally outlined the creation of the U.S. Strategic Bitcoin Reserve. The reserve would be funded by crypto seized through criminal and civil forfeiture proceedings. Lummis hailed the bill as a way to transform Trump’s visionary executive action into lasting law—ensuring that the U.S. harnesses digital innovation to secure the nation’s financial future.
Lummis emphasized that, through the BITCOIN Act, the U.S. will not only adapt to the future but also actively shape it. This initiative aims to boost financial innovation and secure lasting prosperity for all Americans.
Companion Legislation in the House
In parallel, Rep. Nick Begich from Alaska introduced a companion bill in the U.S. House of Representatives titled the Bitcoin Act of 2025. This bill mirrors Lummis’s vision and is co-sponsored by several Republican members of the House, including Addison McDowell, Troy Downing, Mike Collins, Pat Harrigan, Mike Rulli, and Troy E. Nehls.
Begich highlighted that the legislation aims to secure financial independence for the U.S. and reinforce its leadership in the global digital economy.
Conclusion
With this legislative push, Senator Lummis and her colleagues are laying the groundwork for a Strategic Bitcoin Reserve that could fundamentally reshape the U.S. financial landscape. By committing to Bitcoin as a strategic asset, the U.S. aims to maintain its leadership in the evolving digital economy, ensuring long-term prosperity while addressing critical issues like national debt.
