Skip to main content
S 4912 118th Congress Senate Finance and Financial Sector

BITCOIN Act of 2024

Introduced: July 31, 2024 Introduced by: Lummis, Cynthia M. Republican · Wyoming See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 31, 2024
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024 or the BITCOIN Act of 2024

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. All Bitcoins acquired under this bill must be held for at least 20 years unless used to retire outstanding federal debt.

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.

What's happening now July 31, 2024

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 4

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • CURRENTSTRATEGIC LLC
    for TECHNEST SOLUTIONS S.L.A. DBA FORTRIS ON BEHALF OF NEXUSONE CONSULTING · 4th Quarter (Oct 1 - Dec 31) 2025
  • CURRENTSTRATEGIC LLC
    for TECHNEST SOLUTIONS S.L.A. DBA FORTRIS ON BEHALF OF NEXUSONE CONSULTING · 3rd Quarter (July 1 - Sep 30) 2025
  • CURRENTSTRATEGIC LLC
    for TECHNEST SOLUTIONS S.L.A. DBA FORTRIS ON BEHALF OF NEXUSONE CONSULTING · 2nd Quarter (Apr 1 - June 30) 2025
  • KELLEY DRYE & WARREN LLP
    for TRON BLOCKCHAIN AND DAO (AS SUPPORTED BY TRON TECH LIMITED AND RAINCO PTE LTD.) · 1st Quarter (Jan 1 - Mar 31) 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4912: BITCOIN Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-4912/
MLA
"S. 4912: BITCOIN Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-4912/.
Bluebook (legal)
S. 4912, 118th Cong. (2026), https://openamerica.io/bill/118-S-4912/.
Markdown link
[S. 4912: BITCOIN Act of 2024](https://openamerica.io/bill/118-S-4912/)
Report a problem