A new proposal from Senator Cynthia Lummis could see the US government holding over one million Bitcoin
The BITCOIN Act, introduced in July 2024, outlines a plan for the government to acquire 200,000 Bitcoin per year for five years, using funds already available within federal financial agencies.
However, the latest version of the bill—the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025—goes further.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained
It allows the US to exceed one million BTC by obtaining it through other legal means. This could include Bitcoin seized in legal cases, donations to the government, or transfers from federal agencies. Additionally, individual states could choose to store their Bitcoin in the national reserve, though these holdings would be kept separate.
Another key change in the bill relates to forked and airdropped Bitcoin assets. Initially, all such assets had to remain in the reserve for at least five years unless authorized for sale.
The revised version allows the government to evaluate these holdings after the required holding period, keeping only the most valuable asset based on market capitalization while maintaining the primary Bitcoin reserve.
Speaking at a March 11 event hosted by The Bitcoin Policy Institute, Lummis stressed that turning the president’s executive order into law would help the US stay competitive in digital finance while also addressing national debt.
The updated bill has also gained more supporters, with Republican Senators Jim Justice, Roger Marshall, Tommy Tuberville, Marsha Blackburn, and Bernie Moreno signing on as co-sponsors.
On March 7, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. What do they entail? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
