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.
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.”
BTC's efficiency within the one-week chart. Supply: BTCUSDT on TradingView
Featured Picture from Unsplash.com, Chart from TradingView.com
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