Bitcoin Act Reintroduced: $80 Billion Boost

Sen. Lummis Introduces Bill for U.S. to Acquire One Million Bitcoin

• Sen. Cynthia Lummis (R-WY) introduced the BITCOIN Act in the U.S. Senate.
• The bill authorizes the purchase of one million Bitcoin, valued at approximately $80 billion.
• The acquisition would occur over a five-year period, funded by Federal Reserve earnings and Treasury-issued certificates.
• Five Republican senators co-sponsor the bill: Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno.
• Rep. Nick Begich (R-AK) plans to introduce similar legislation in the House of Representatives.

The BITCOIN Act proposes that the U.S. government buy one million Bitcoin to establish a strategic reserve, with funding from Federal Reserve earnings and Treasury certificates.