H.R. 2032 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Financial Services, Mar 11, 2025
What this bill does
In plain words · AI-written from the official summaryU.S. government to acquire and hold Bitcoin
The bill directs the U.S. Treasury to purchase one million Bitcoins over five years and store them in a new Strategic Bitcoin Reserve—a network of secure facilities across the country. The government would hold these Bitcoin holdings for at least 20 years before considering selling any to help reduce the national debt. The bill also lets the Federal Reserve contribute to these purchases through its earnings.
How it affects you
This bill doesn't directly change most people's daily lives. If you own Bitcoin or work in the cryptocurrency industry, the U.S. government becoming a major Bitcoin holder could influence the market, though the summary doesn't spell out exactly how. For taxpayers, this represents a shift in how the government stores and manages its assets, though the long-term effects aren't detailed in the official summary.
Read the official summary (Introduced in House, Mar 11, 2025)
Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025 or the BITCOIN Act of 2025
This bill provides for the acquisition and storage of the cryptocurrency Bitcoin by the U.S. government.
The Department of the Treasury must purchase one million Bitcoins over a five-year period and hold the Bitcoins in trust for the United States. The bill also allows for additional acquisitions through specified transfers, forfeitures, and gifts. All Bitcoins acquired by the United States and placed into the Strategic Bitcoin Reserve must be held for at least 20 years. At the end of this period and upon the recommendation of Treasury, a percentage of the holdings may be sold to reduce the national debt. The bill also establishes exceptions to this holding period for specified Bitcoin asset distributions and splits.
The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve. States may voluntarily store Bitcoin holdings in the reserve in segregated accounts.
The bill also reduces the total amount of U.S. dollars Federal Reserve banks may hold in surplus and requires Federal Reserve banks to remit a certain amount of net earnings annually to the purchase of Bitcoins.
The bill also allows the use of Treasury’s Exchange Stabilization Fund to carry out purchases made under this bill.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2032
A BILL
BITCOIN Act of 2025
Sponsor: Rep. Nicholas Begich (R-AK-At Large) · Introduced Mar 11, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 11, 2025: “Referred to the House Committee on Financial Services.”
Sections
Sections · 11
- Sec. 1Short titleNo change
- Sec. 2FindingsNo change
- Sec. 3DefinitionsNo change
- Sec. 4Establishment of Strategic Bitcoin ReserveNo change
- Sec. 5Bitcoin Purchase ProgramNo change
- Sec. 6Proof of Reserve SystemNo change
- Sec. 7Consolidation of Government Bitcoin HoldingsNo change
- Sec. 8Voluntary State Participation and Segregated AccountsNo change
- Sec. 9Offsetting the cost of the strategic Bitcoin reserveNo change
- Sec. 10Protection of Private Property RightsNo change
- Sec. 11Modification of exchange stabilization fundNo change