S. 954 · Where this bill is now
In committee
Introduced in the Senate, Mar 11, 2025
What this bill does
In plain words · AI-written from the official summaryGovernment to purchase and hold Bitcoin long-term
This bill would have the U.S. Treasury buy 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 onto these Bitcoins for at least 20 years. After that period, the Treasury could recommend selling some to help pay down the national debt. The bill would also redirect some Federal Reserve earnings toward buying more Bitcoin.
How it affects you
Most people won't feel a direct day-to-day change from this bill. It's essentially a long-term investment strategy by the federal government in cryptocurrency rather than a policy that changes how you work, pay taxes, or receive services. The ultimate effects would depend on whether Bitcoin holdings ever get sold and how that money is used.
Read the official summary (Introduced in Senate, 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 SessionS. 954
A BILL
BITCOIN Act of 2025
Sponsor: Sen. Cynthia M. Lummis (R-WY) · 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: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”
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