The ‘Bitcoin Act’ To Be Reintroduced By Senator Lummis

The ‘Bitcoin Act’ To Be Reintroduced By Senator Lummis

Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Advert Disclosure

Following US President Donald Trump’s govt order establishing a Strategic Bitcoin (BTC) Reserve, Republican Senator Cynthia Lummis introduced she would reintroduce her Reserve invoice within the Senate to implement a BTC buy program.

Senator Lummis Reintroduces The ‘Bitcoin Act’

On the Nationwide Press Membership in Washington, D.C., Senator Cynthia Lummis revealed she is going to reintroduce the Boosting Innovation, Expertise, and Competitiveness by way of Optimized Funding Nationwide (BITCOIN) Act within the US Senate in the present day.

Lummis introduced that Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville will co-sponsor the invoice. “We intend to make a real push to help people understand why Bitcoin is freedom money,” she reportedly stated throughout the announcement.

Forward of the assertion, the senator affirmed that she is “for real this time,” sharing a video compilation of crypto traders asking a few US Strategic Bitcoin Reserve (SBR) with the textual content “₿ig things are coming.”

Lummis initially launched the laws on July 31, 2024, to determine “a strategic Bitcoin reserve to serve as an additional store of value to bolster America’s balance sheet and ensure the transparent management of Bitcoin holdings of the federal government.”

The invoice aimed to implement a Bitcoin Buy Program to purchase round 5% of the whole BTC provide, or 1 million BTC, over 5 years, mirroring the “size and scope” of the US gold reserves. The laws proposed a maintain interval of at the least 20 years for the BTC acquired below the acquisition program.

Bitcoin

Unique BTC Buy Program proposal. Supply: lummis.senate.gov

‘Codifying’ President Trump’s SBR Imaginative and prescient

In a separate assertion, Senator Lummis asserted that “The BITCOIN Act is back,” expressing her pleasure to reintroduce the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come.”

Together, we aren’t simply adaption to the longer term – we’re actively shaping it, writing the following chapter in America’s proud historical past of economic innovation and securing lasting prosperity for all our residents.

This transfer follows US President Donald Trump’s latest govt order to formally create a Strategic BTC Reserve and a “Digital Asset Stockpile.” As reported by Bitcoinist, the order, signed on March 6, said that the SBR could be funded by crypto seized from authorities felony and civil forfeiture proceedings.

Lummis added, “By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy.”

Furthermore, US Home of Representatives member Nick Begich launched a companion invoice to Senator Lummis’ proposed laws. The Republican Consultant introduced the “Bitcoin Act of 2025” to the US Home, co-sponsored by Representatives Addison McDowell, Troy Downing, Mike Collins, Pat Harrigan, Mike Rulli, and Troy E. Nehls.

Begich defined that the laws is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”

bitcoin btc btcusdt

BTC's efficiency within the one-week chart. Supply: BTCUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our group of prime know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 115,584.97 3.93%
ethereum
Ethereum (ETH) $ 2,924.74 5.71%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.52 4.39%
bnb
BNB (BNB) $ 684.74 2.17%
solana
Solana (SOL) $ 162.28 3.48%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.194101 7.60%
tron
TRON (TRX) $ 0.293655 1.28%
staked-ether
Lido Staked Ether (STETH) $ 2,923.09 5.72%
cardano
Cardano (ADA) $ 0.670818 7.95%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 115,515.95 3.89%
hyperliquid
Hyperliquid (HYPE) $ 43.70 6.91%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,540.12 5.89%
sui
Sui (SUI) $ 3.41 10.87%
chainlink
Chainlink (LINK) $ 15.10 6.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 515.43 0.06%
stellar
Stellar (XLM) $ 0.298644 3.66%
avalanche-2
Avalanche (AVAX) $ 20.50 4.88%
leo-token
LEO Token (LEO) $ 9.04 0.71%
hedera-hashgraph
Hedera (HBAR) $ 0.188719 10.43%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,137.52 5.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 6.28%
weth
WETH (WETH) $ 2,925.02 5.68%
usds
USDS (USDS) $ 0.999894 0.01%
the-open-network
Toncoin (TON) $ 2.92 3.13%
litecoin
Litecoin (LTC) $ 93.87 3.55%
whitebit
WhiteBIT Coin (WBT) $ 46.71 0.05%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.10%
monero
Monero (XMR) $ 326.83 0.18%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 115,554.96 3.89%
polkadot
Polkadot (DOT) $ 3.82 5.69%
bitget-token
Bitget Token (BGB) $ 4.57 4.05%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
pepe
Pepe (PEPE) $ 0.000012 11.94%
uniswap
Uniswap (UNI) $ 8.34 1.19%
aave
Aave (AAVE) $ 305.16 1.61%
pi-network
Pi Network (PI) $ 0.495212 6.16%
dai
Dai (DAI) $ 1.00 0.03%
bittensor
Bittensor (TAO) $ 370.74 6.07%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.10%
aptos
Aptos (APT) $ 4.80 4.02%
near
NEAR Protocol (NEAR) $ 2.48 6.25%
crypto-com-chain
Cronos (CRO) $ 0.096266 0.59%
okb
OKB (OKB) $ 48.99 0.75%
internet-computer
Internet Computer (ICP) $ 5.34 3.91%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 197.14 3.44%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
ethereum-classic
Ethereum Classic (ETC) $ 18.25 3.57%
ondo-finance
Ondo (ONDO) $ 0.8792 5.91%
susds
sUSDS (SUSDS) $ 1.06 0.02%
kaspa
Kaspa (KAS) $ 0.08487 4.16%
usd1-wlfi
USD1 (USD1) $ 1.00 0.02%
mantle
Mantle (MNT) $ 0.624624 4.83%
cosmos
Cosmos Hub (ATOM) $ 4.57 6.13%
vechain
VeChain (VET) $ 0.023762 6.33%
ethena
Ethena (ENA) $ 0.310876 7.58%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.217801 5.47%
arbitrum
Arbitrum (ARB) $ 0.39028 10.47%
gatechain-token
Gate (GT) $ 16.30 1.75%
official-trump
Official Trump (TRUMP) $ 9.72 7.77%
fasttoken
Fasttoken (FTN) $ 4.46 0.14%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.728145 4.12%
render-token
Render (RENDER) $ 3.61 8.13%
algorand
Algorand (ALGO) $ 0.211173 10.38%
worldcoin-wld
Worldcoin (WLD) $ 1.06 16.55%
bonk
Bonk (BONK) $ 0.000023 12.23%
sky
Sky (SKY) $ 0.082984 1.80%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,925.81 5.55%
filecoin
Filecoin (FIL) $ 2.55 4.63%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 115,596.97 4.11%
sei-network
Sei (SEI) $ 0.301165 14.46%
quant-network
Quant (QNT) $ 114.31 3.90%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.70 2.17%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 172.52 3.40%
spx6900
SPX6900 (SPX) $ 1.58 4.53%
usdtb
USDtb (USDTB) $ 0.999738 0.03%
first-digital-usd
First Digital USD (FDUSD) $ 0.999213 0.03%
kucoin-shares
KuCoin (KCS) $ 11.34 1.38%
jupiter-exchange-solana
Jupiter (JUP) $ 0.476998 5.91%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,065.34 5.62%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,334.80 5.66%
usdt0
USDT0 (USDT0) $ 1.00 0.07%
fartcoin
Fartcoin (FARTCOIN) $ 1.30 16.76%
celestia
Celestia (TIA) $ 1.83 8.88%
nexo
NEXO (NEXO) $ 1.26 2.03%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.019094 23.91%
xdce-crowd-sale
XDC Network (XDC) $ 0.072306 6.34%
flare-networks
Flare (FLR) $ 0.016703 2.96%
injective-protocol
Injective (INJ) $ 11.90 8.81%
optimism
Optimism (OP) $ 0.649086 10.86%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.73 10.40%
blockstack
Stacks (STX) $ 0.728519 5.61%
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,121.26 5.39%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 3,072.87 5.64%
sonic-3
Sonic (S) $ 0.339535 6.72%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.00%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 115,510.95 4.07%
dogwifcoin
dogwifhat (WIF) $ 1.04 8.77%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.08%
Scroll to Top