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BITCOIN Act of 2025

USA119th CongressS-954| Senate 
| Updated: 3/11/2025
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (5)
Tommy Tuberville (Republican)Roger Marshall (Republican)Marsha Blackburn (Republican)James C. Justice (Republican)Bernie Moreno (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025" (BITCOIN Act of 2025) aims to establish a Strategic Bitcoin Reserve for the Federal Government. This reserve is intended to enhance the financial security of the United States, provide a hedge against economic uncertainty, and position the nation at the forefront of global financial innovation by diversifying national assets with Bitcoin. The Strategic Bitcoin Reserve will be a decentralized network of secure cold storage facilities across the United States, responsible for the generation, safekeeping, and management of Bitcoin private keys. The Secretary of the Treasury will oversee its operations, ensuring geographic dispersion and implementing state-of-the-art physical and digital 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 holding period before potential disposition. A key provision is the establishment of a Bitcoin Purchase Program , mandating the acquisition of 200,000 Bitcoins annually for five years, totaling 1,000,000 Bitcoins. These purchases will be conducted transparently to minimize market disruption and will be held in trust for the United States. All acquired Bitcoins will be subject to a minimum 20-year holding period, during which they cannot be sold or encumbered, ensuring long-term stability. To ensure transparency and accountability, the bill requires an ongoing Proof of Reserve system , involving quarterly public reports with cryptographic attestations and independent third-party audits. The Comptroller General will also conduct regular oversight. Additionally, all existing Bitcoin holdings of federal agencies, such as those from forfeitures, will be consolidated into the Strategic Bitcoin Reserve and subjected to the same security and holding requirements. The program's costs will be offset by reallocating discretionary surplus funds from Federal Reserve Banks and utilizing remittances from gold certificates held by the Federal Reserve System. The bill also allows for voluntary state participation, enabling states to store their Bitcoin holdings in segregated accounts within the Strategic Bitcoin Reserve, retaining full title and control over their assets. Any such agreements will include an acknowledgment of inherent digital asset custody risks. Finally, the Act explicitly affirms and protects the private property rights of individuals to acquire, hold, transfer, and dispose of Bitcoin, emphasizing the importance of self-custody for financial sovereignty. It also modifies the Exchange Stabilization Fund to include Bitcoin as a permissible asset, requiring detailed accounting of Bitcoin transactions and holdings in its annual reports to enhance transparency.
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Timeline

Bill from Previous Congress

S 118-4912
BITCOIN Act of 2024
Mar 11, 2025

Latest Companion Bill Action

HR 119-2032
Introduced in House
Mar 11, 2025
Introduced in Senate
Mar 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 118-4912
    BITCOIN Act of 2024


  • March 11, 2025

    Latest Companion Bill Action

    HR 119-2032
    Introduced in House


  • March 11, 2025
    Introduced in Senate


  • March 11, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 119-2032: BITCOIN Act of 2025

BITCOIN Act of 2025

USA119th CongressS-954| Senate 
| Updated: 3/11/2025
The "Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025" (BITCOIN Act of 2025) aims to establish a Strategic Bitcoin Reserve for the Federal Government. This reserve is intended to enhance the financial security of the United States, provide a hedge against economic uncertainty, and position the nation at the forefront of global financial innovation by diversifying national assets with Bitcoin. The Strategic Bitcoin Reserve will be a decentralized network of secure cold storage facilities across the United States, responsible for the generation, safekeeping, and management of Bitcoin private keys. The Secretary of the Treasury will oversee its operations, ensuring geographic dispersion and implementing state-of-the-art physical and digital 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 holding period before potential disposition. A key provision is the establishment of a Bitcoin Purchase Program , mandating the acquisition of 200,000 Bitcoins annually for five years, totaling 1,000,000 Bitcoins. These purchases will be conducted transparently to minimize market disruption and will be held in trust for the United States. All acquired Bitcoins will be subject to a minimum 20-year holding period, during which they cannot be sold or encumbered, ensuring long-term stability. To ensure transparency and accountability, the bill requires an ongoing Proof of Reserve system , involving quarterly public reports with cryptographic attestations and independent third-party audits. The Comptroller General will also conduct regular oversight. Additionally, all existing Bitcoin holdings of federal agencies, such as those from forfeitures, will be consolidated into the Strategic Bitcoin Reserve and subjected to the same security and holding requirements. The program's costs will be offset by reallocating discretionary surplus funds from Federal Reserve Banks and utilizing remittances from gold certificates held by the Federal Reserve System. The bill also allows for voluntary state participation, enabling states to store their Bitcoin holdings in segregated accounts within the Strategic Bitcoin Reserve, retaining full title and control over their assets. Any such agreements will include an acknowledgment of inherent digital asset custody risks. Finally, the Act explicitly affirms and protects the private property rights of individuals to acquire, hold, transfer, and dispose of Bitcoin, emphasizing the importance of self-custody for financial sovereignty. It also modifies the Exchange Stabilization Fund to include Bitcoin as a permissible asset, requiring detailed accounting of Bitcoin transactions and holdings in its annual reports to enhance transparency.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 118-4912
BITCOIN Act of 2024
Mar 11, 2025

Latest Companion Bill Action

HR 119-2032
Introduced in House
Mar 11, 2025
Introduced in Senate
Mar 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 118-4912
    BITCOIN Act of 2024


  • March 11, 2025

    Latest Companion Bill Action

    HR 119-2032
    Introduced in House


  • March 11, 2025
    Introduced in Senate


  • March 11, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (5)
Tommy Tuberville (Republican)Roger Marshall (Republican)Marsha Blackburn (Republican)James C. Justice (Republican)Bernie Moreno (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 119-2032: BITCOIN Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted