Bitcoin Act: Senator Proposes 1M BTC Purchase

Senator Lummis Reintroduces BITCOIN Act for Strategic Reserve

• Senator Cynthia Lummis reintroduced the BITCOIN Act at a Bitcoin Policy Institute conference.
• The act proposes acquiring up to 1 million BTC over five years, with a 20-year holding period.
• The strategic Bitcoin reserve would be overseen by the Treasury, using secure and decentralized storage.
• President Trump’s executive order established policies for managing seized Bitcoin assets.
• The act designates the first $6 billion of annual Fed remittances from 2025 to 2029 for funding.

Senator Cynthia Lummis has reintroduced the BITCOIN Act, aiming to establish a strategic Bitcoin reserve managed by the Treasury. This follows President Trump’s executive order on managing seized Bitcoin assets, highlighting a coordinated federal approach.