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Senator Lummis’ Strategic Bitcoin Reserve Bill to Buy 1 Million Bitcoin Aims to Halve $36 Trillion US Debt; Texas, Arizona, California Advance Related Laws

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Updated Apr 23, 2025, 01:38 AM

Senator Cynthia Lummis has introduced the Strategic Bitcoin Reserve Bill, which proposes purchasing and holding one million Bitcoin over 20 years to potentially reduce the U.S. national debt by half. The bill, aimed at addressing the $36 trillion national debt, has gained momentum with the addition of two new co-sponsors, Congressman Bob Onder and Congresswoman Kimberlyn King-Hinds, bringing the total number of co-sponsors to eight. The legislation is progressing in several states, with Texas expected to pass the bill this year.

Meanwhile, Arizona recently signed House Bill 2342 into law, protecting the right to run Bitcoin nodes and conduct home mining, prohibiting local bans on such activities. This move is seen as supportive of decentralization and blockchain technology. California has also passed a bill out of committee unanimously to protect Bitcoin rights, signaling growing legislative support for Bitcoin-related initiatives across multiple states.

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#Cynthia Lummis #Strategic Bitcoin Reserve Bill #Bitcoin #Bob Onder #Texas #Arizona #House Bill 2342 #California

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Sources

Dennis Porter

@Dennis_Porter_

California just passed a bill to protect Bitcoin Rights out of committee UNANIMOUSLY. MASSIVE BULL SIGNAL.

crypto.news

@cryptodotnews

ICYMI: Arizona Just Passed HB 2342⛏️ $BTC home mining is now protected by law No city or county can ban people from running nodes or using computational power at home—including AI, blockchain or cloud compute Signed by the governor on April 18 Decentralization, state-backed https://t.co/gnk0dkNVNk

The Bitcoin Historian

@pete_rizzo_

BREAKING: ARIZONA GOVERNOR JUST SIGNED THE RIGHT TO RUN A #BITCOIN NODE INTO LAW STRATEGIC RESERVE IS NEXT 🚀 https://t.co/eef4f1YmIT

Story Timeline

2 months ago•Latest version

Senator Lummis’ Strategic Bitcoin Reserve Bill to Buy 1 Million Bitcoin Aims to Halve $36 Trillion US Debt; Texas, Arizona, California Advance Related Laws

2 months ago

Senator Lummis’ Strategic Bitcoin Reserve Bill to Buy 1 Million Bitcoin Gains Co-Sponsors, Targets $36 Trillion Debt; Texas and Arizona Advance Related Laws

2 months ago•Original version

Texas Likely to Pass Senator Lummis’ Strategic Bitcoin Reserve Bill to Buy 1 Million Bitcoin, Targeting $36 Trillion Debt