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Sen. Lummis Reintroduces BITCOIN Act to Increase BTC Reserve Holdings

Lummis lays out her plan for acquiring 1 million BTC for the government's reserve.
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Mar 11, 2025 • 1 min read

Sen. Cynthia Lummis brings back her BITCOIN Act with minor changes, aiming to establish a strategic reserve of Bitcoin under the Trump administration's plan with a goal of acquiring 1 million BTC.

What’s the Scoop?

  • Reintroduced Legislation: The BITCOIN Act was originally proposed in July 2024 and has been reintroduced with some changes.
  • Strategic Reserve: The act aims to create a strategic reserve of Bitcoin, aligning with plans under the Trump administration.
  • Objective Media Reporting: The Block, despite investments from firms in the crypto space, continues to provide independent news coverage.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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