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BITCOIN Act of 2025

USA119th CongressHR-2032| House 
| Updated: 3/11/2025
Nicholas J. Begich

Nicholas J. Begich

Republican Representative

Alaska

Cosponsors (9)
Kimberlyn King-Hinds (Republican)David J. Taylor (Republican)Robert F. Onder (Republican)Mike Collins (Republican)Earl L. "Buddy" Carter (Republican)Michael A. Rulli (Republican)Troy E. Nehls (Republican)Pat Harrigan (Republican)Addison P. McDowell (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025," or the BITCOIN Act of 2025 , seeks to establish a Strategic Bitcoin Reserve to enhance the financial security and leadership of the United States. Congress finds that Bitcoin, as a resilient and scarce digital asset, can complement existing national reserves and strengthen the U.S. dollar's position in the global financial system. This initiative aims to diversify national assets and position the U.S. at the forefront of financial innovation. A key provision is the establishment of a Bitcoin Purchase Program , requiring the Secretary of the Treasury to acquire 1,000,000 Bitcoins over a five-year period, at a rate of 200,000 Bitcoins annually. All acquired Bitcoins, along with any other government-held Bitcoins, must be placed in the Strategic Bitcoin Reserve and held for a minimum of 20 years. After this holding period, the Secretary may recommend a gradual release of a portion of the holdings, not exceeding 10 percent every two years, solely for national debt reduction. The Strategic Bitcoin Reserve will be a decentralized network of secure cold storage facilities across the United States, designed to protect government Bitcoin holdings and their private keys. The Secretary is responsible for ongoing monitoring, auditing, and implementing state-of-the-art security measures in consultation with defense and homeland security experts. The Reserve will also account for and store digital assets resulting from Bitcoin forks and airdrops, with a five-year prohibition on their sale unless explicitly authorized by law. To ensure transparency and accountability, the bill mandates a Proof of Reserve system , requiring quarterly public reports with cryptographic attestations and independent third-party audits. All existing Bitcoin under the control of federal agencies, such as the U.S. Marshal Service, must be transferred to the Strategic Bitcoin Reserve upon acquisition of legal title. The bill also allows for voluntary state participation, enabling states to store their Bitcoin holdings in segregated accounts within the Reserve, while explicitly limiting federal liability for any losses. Funding for the Bitcoin Purchase Program will be offset by adjusting the discretionary surplus funds of Federal Reserve Banks and utilizing remittances from Federal Reserve net earnings. Additionally, Federal Reserve Banks must tender their gold certificates to the Treasury, which will then issue new certificates reflecting fair market value, with the difference remitted to the Treasury. These funds will primarily be allocated to the Bitcoin Purchase Program, with any excess used to reduce the public debt. The Act also modifies the Exchange Stabilization Fund to include Bitcoin as an instrument and mandates detailed reporting on Bitcoin transactions and holdings within the fund, while affirming the protection of private property rights for lawfully acquired Bitcoin.
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Timeline
Mar 11, 2025

Latest Companion Bill Action

S 119-954
Introduced in Senate
Mar 11, 2025
Introduced in House
Mar 11, 2025
Referred to the House Committee on Financial Services.
  • March 11, 2025

    Latest Companion Bill Action

    S 119-954
    Introduced in Senate


  • March 11, 2025
    Introduced in House


  • March 11, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 119-954: BITCOIN Act of 2025

BITCOIN Act of 2025

USA119th CongressHR-2032| House 
| Updated: 3/11/2025
The "Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025," or the BITCOIN Act of 2025 , seeks to establish a Strategic Bitcoin Reserve to enhance the financial security and leadership of the United States. Congress finds that Bitcoin, as a resilient and scarce digital asset, can complement existing national reserves and strengthen the U.S. dollar's position in the global financial system. This initiative aims to diversify national assets and position the U.S. at the forefront of financial innovation. A key provision is the establishment of a Bitcoin Purchase Program , requiring the Secretary of the Treasury to acquire 1,000,000 Bitcoins over a five-year period, at a rate of 200,000 Bitcoins annually. All acquired Bitcoins, along with any other government-held Bitcoins, must be placed in the Strategic Bitcoin Reserve and held for a minimum of 20 years. After this holding period, the Secretary may recommend a gradual release of a portion of the holdings, not exceeding 10 percent every two years, solely for national debt reduction. The Strategic Bitcoin Reserve will be a decentralized network of secure cold storage facilities across the United States, designed to protect government Bitcoin holdings and their private keys. The Secretary is responsible for ongoing monitoring, auditing, and implementing state-of-the-art security measures in consultation with defense and homeland security experts. The Reserve will also account for and store digital assets resulting from Bitcoin forks and airdrops, with a five-year prohibition on their sale unless explicitly authorized by law. To ensure transparency and accountability, the bill mandates a Proof of Reserve system , requiring quarterly public reports with cryptographic attestations and independent third-party audits. All existing Bitcoin under the control of federal agencies, such as the U.S. Marshal Service, must be transferred to the Strategic Bitcoin Reserve upon acquisition of legal title. The bill also allows for voluntary state participation, enabling states to store their Bitcoin holdings in segregated accounts within the Reserve, while explicitly limiting federal liability for any losses. Funding for the Bitcoin Purchase Program will be offset by adjusting the discretionary surplus funds of Federal Reserve Banks and utilizing remittances from Federal Reserve net earnings. Additionally, Federal Reserve Banks must tender their gold certificates to the Treasury, which will then issue new certificates reflecting fair market value, with the difference remitted to the Treasury. These funds will primarily be allocated to the Bitcoin Purchase Program, with any excess used to reduce the public debt. The Act also modifies the Exchange Stabilization Fund to include Bitcoin as an instrument and mandates detailed reporting on Bitcoin transactions and holdings within the fund, while affirming the protection of private property rights for lawfully acquired Bitcoin.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 11, 2025

Latest Companion Bill Action

S 119-954
Introduced in Senate
Mar 11, 2025
Introduced in House
Mar 11, 2025
Referred to the House Committee on Financial Services.
  • March 11, 2025

    Latest Companion Bill Action

    S 119-954
    Introduced in Senate


  • March 11, 2025
    Introduced in House


  • March 11, 2025
    Referred to the House Committee on Financial Services.
Nicholas J. Begich

Nicholas J. Begich

Republican Representative

Alaska

Cosponsors (9)
Kimberlyn King-Hinds (Republican)David J. Taylor (Republican)Robert F. Onder (Republican)Mike Collins (Republican)Earl L. "Buddy" Carter (Republican)Michael A. Rulli (Republican)Troy E. Nehls (Republican)Pat Harrigan (Republican)Addison P. McDowell (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 119-954: BITCOIN Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted