S 954 119th Congress Senate Finance and Financial Sector

BITCOIN Act of 2025

Introduced: March 11, 2025 Introduced by: Lummis, Cynthia M. Republican · Wyoming See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 11, 2025

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

Mar 11, 2025

Introduced in Senate

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Plain-English summary Congressional Research Service

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.

What's happening now March 11, 2025

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

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 18

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

ANCHOR LABS, INC.
for ANCHOR LABS, INC. · California · 2nd Quarter (Apr 1 - June 30) 2026
ANCHOR LABS, INC.
for ANCHOR LABS, INC. · California · 1st Quarter (Jan 1 - Mar 31) 2026
MERCURY STRATEGIES, LLC
for ANCHORAGE DIGITAL BANK · California · 1st Quarter (Jan 1 - Mar 31) 2026
INVARIANT LLC
for XAPO BANK LIMITED · 1st Quarter (Jan 1 - Mar 31) 2026
MERCURY STRATEGIES, LLC
for ANCHORAGE DIGITAL BANK · California · 4th Quarter (Oct 1 - Dec 31) 2025
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025