Catenaa, Friday, March 14, 2025-Senator Cynthia Lummis (R-WY) reintroduced the BITCOIN Act on Tuesday, aiming to establish a Strategic Bitcoin Reserve and integrate Bitcoin into U.S. financial strategy. The proposal aligns with President Donald Trump’s recent directive to develop a federal Bitcoin reserve.
The “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act” seeks to authorize the government to purchase and hold up to 1 million Bitcoin—approximately 5% of the total supply—as a strategic asset. The initiative is backed by Republican Senators Marsha Blackburn (TN), Bernie Moreno (OH), Roger Marshall (KS), Jim Justice (WV), and Tommy Tuberville (AL).
Lummis emphasized that the reserve is a response to the U.S. national debt, which has surpassed $36 trillion. “Decades of out-of-control spending have led to an unsustainable fiscal trajectory. A Strategic Bitcoin Reserve could improve our nation’s balance sheet and secure long-term financial stability,” she said.
The bill also highlights self-custody rights for private Bitcoin holders and aims to establish federal oversight of digital asset reserves. Representative Nick Begich (R-AK) introduced a companion bill in the House, reinforcing growing Republican support for cryptocurrency integration into national economic policy.
Critics caution that market volatility and regulatory uncertainties could pose risks.
However, proponents argue that a Bitcoin reserve could strengthen financial security, promote innovation, and bolster the U.S. position in the global economy.
The BITCOIN Act now awaits further congressional review, with lawmakers set to debate its potential impact on economic stability and federal fiscal policy.
