Senator Lummis Reintroduces BITCOIN Act to Establish 1 Million Bitcoin Reserve, Aligning with Trump's Vision

16 posts • Grok (Beta)

Updated Mar 11, 2025, 04:46 PM

U.S. Senator Cynthia Lummis has reintroduced the BITCOIN Act in the Senate, aiming to establish a strategic Bitcoin reserve for the United States. The legislation seeks to codify President Donald Trump's vision of a national Bitcoin reserve, which would be managed by the U.S. Department of Treasury. The BITCOIN Act proposes the acquisition of 1 million Bitcoin units over five years, representing approximately 5% of the total Bitcoin supply. This acquisition would be funded through federal remittances, gold certificate revaluations, and the Exchange Stabilization Fund, without using taxpayer money. The bill also includes plans for a decentralized network of secure Bitcoin vaults to ensure the safety of the nation's Bitcoin holdings, aiming to strengthen the U.S. dollar and provide a hedge against inflation. Senator Lummis has garnered support from several co-sponsors, including Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno. In the House of Representatives, Representative Nick Begich has introduced a companion bill with six Republican co-sponsors, reflecting bipartisan interest in securing America's financial future through Bitcoin and promoting financial sovereignty and economic security.

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#Cynthia Lummis #BITCOIN Act #Senate #Bitcoin #United States #Donald Trump #Exchange Stabilization Fund #Lummis #Jim Justice #Tommy Tuberville #Roger Marshall #Marsha Blackburn #Bernie Moreno #House of Representatives #Nick Begich #Republican #America

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Sources

lummis.senate.gov theblock.co

MartyParty

@martypartymusic

Breaking: US Congressman Nick Begich to introduce #SBR Bitcoin Act of 2025 legislation in the US House TODAY. 1m $BTC will be aquired over 5 years using no taxpayer money, it will be funded using Federal Remittances, Gold Certificate Revaluations and the Exchange Stabilization… https://t.co/YTEEVQ30rz

Mpost Media Group

@mpost_io

✍️ Following the signing of a decree to create a national Bitcoin reserve by Donald Trump, Senator @SenLummis has introduced an updated version of the Bitcoin Act, initially presented last summer with other lawmakers. The act "solidifies the president’s vision," defines key… https://t.co/jPhO7Hd9hQ

ICO Drops

@ICODrops

Lummis, Colleagues Introduce Legislation to Codify Trump’s Revolutionary Strategic Bitcoin Reserve, Secure America’s Financial Future https://t.co/YVMdWvu2sr https://t.co/hSxStXK6jF