US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis made a significant announcement. She revealed that she will reintroduce her strategic Bitcoin reserve legislation in the Senate. This legislation, known as The Bitcoin Act, aims to establish a Bitcoin reserve in the United States to secure the country’s financial independence and maintain its leadership in the global digital economy.

Senator Lummis was joined by Senator Justice of West Virginia, who is one of the cosponsors of the bill. Other cosponsors include Senators Tommy Tuberville, Marsha Blackburn, Roger Marshall, Bernie Moreno, and Jim Justice. Additionally, U.S. Congressman Nick Begich announced that he will introduce the Bitcoin reserve legislation in the House, mirroring Senator Lummis’ efforts in the Senate.

The proposed legislation would see the United States purchase 200,000 bitcoin per year until it accumulates a total of 1,000,000 BTC, which will be held for a minimum of 20 years. This strategic Bitcoin reserve is a proactive measure to ensure the country’s financial stability and offset national debt. Asset manager VanEck estimates that the reserve could potentially offset around $21 trillion of national debt by 2049 if the U.S. government follows the proposed path outlined in the BITCOIN Act.

In a recent development, President Donald Trump signed an executive order to create a federal strategic Bitcoin reserve using confiscated bitcoin from hacks and seizures. However, there is a concern that this reserve could be overturned by future presidential administrations. The Bitcoin Act of 2025 aims to address this issue by solidifying the establishment of a strategic Bitcoin reserve in the United States.

The momentum for this legislative initiative is growing, with bipartisan support and a shared vision for the country’s financial future. President Trump has expressed his support for the strategic Bitcoin reserve, recognizing the opportunities it presents for the United States in the digital economy. With a clear roadmap and bipartisan cooperation, the U.S. is poised to secure its position as a leader in the global digital economy through the establishment of a strategic Bitcoin reserve.