BITCOIN Act of 2025
Sponsored By: Senator Cynthia Lummis
Introduced
Summary
This bill would create a national Strategic Bitcoin Reserve and a government-run Bitcoin Purchase Program to accumulate, securely store, and publicly audit large federal Bitcoin holdings while using Federal Reserve remittances and other mechanisms to offset costs. It would centralize all federal Bitcoin, set long holding periods, and require cryptographic Proof of Reserve reporting.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Federal Bitcoin buying and funding
If enacted, the Treasury would buy 200,000 Bitcoins each year for five years (1,000,000 total). Money from a gold certificate reissuance would be used first to pay for those purchases. If the Federal Reserve remits net earnings in 2025–2029, up to $6 billion per year could be directed to the program. The bill would lower the Fed surplus cap to $2.4 billion and require Fed banks to tender gold certificates and remit cash differences. The Exchange Stabilization Fund could also hold Bitcoin and must report on any Bitcoin transactions.
Strategic Bitcoin Reserve and custody
If enacted, the government would create a Strategic Bitcoin Reserve to hold all federal Bitcoin in secure, spread-out cold-storage sites. The Treasury must hold Reserve Bitcoin at least 20 years and may not sell it during that period. Two years before any holding period ends, the Treasury would report recommendations to Congress; after a holding period ends, sales would be limited to no more than 10% of Reserve assets in any two-year period. Forks and airdrops must be held five years and then reviewed; the Reserve would keep the largest forked asset by market value and may sell others. Federal agency Bitcoin must be transferred into the Reserve and may not be sold or encumbered after title transfer. States could choose to store State Bitcoin in segregated accounts. The Reserve would publish quarterly Proof of Reserve reports with cryptographic attestations and use an independent auditor and Comptroller General oversight.
Protect private Bitcoin ownership rights
If enacted, the bill would say the federal government may not seize or otherwise impair lawfully acquired Bitcoin. Individuals and businesses would keep the right to buy, hold, transfer, and sell Bitcoin under the law. The bill would also recognize the right to self-custody private keys.
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Sponsors & CoSponsors
Sponsor
Cynthia Lummis
WY • R
Cosponsors
James Justice
WV • R
Sponsored 3/11/2025
Tommy Tuberville
AL • R
Sponsored 3/11/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 3/11/2025
Sen. Marshall, Roger [R-KS]
KS • R
Sponsored 3/11/2025
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 3/11/2025
Roll Call Votes
No roll call votes available for this bill.
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