After the executive ordinance of US President Donald Trump established the Bitcoin (BTC) strategic reserve, the Republican Senator of Cynthia Lummis announced that she would restore her reserve account in the Senate to implement the BTC purchase program.
Senator Lummis reinroduces “Act on Bitcoins”
At the National Press Club in Washington, Senator Cynthia Lummis revealed It will again introduce innovations, technology and competitiveness thanks to optimized investments throughout the country (Bitcoin) in the US Senate.
Lummis announced that Republican Senators Jim Justice, Marsha Blackburn, Berni Moreno, Roger Marshall and Tommy Tuberville will comprehend the act. “We are going to make really emphasis to help people understand why Bitcoin is money from freedom,” she said apparently during the announcement.
Senator before a statement confirmed That it is “in fact this time”, sharing the video compilation of cryptographic investors asking about the American strategic Bitcoin reserve (SBR) with the text “₿ig things are coming”.
Lummis originally introduced legislation on July 31, 2024 in order to determine the “Bitcoin strategic reserve, which serves as an additional valuable warehouse to strengthen America’s balance and ensure transparent management of the Bitcoin farms of the federal government.”
The bill was aimed at implementing the Bitcoin purchase program to buy about 5% of the total BTC supply or 1 million BTC within 5 years, reflecting the “size and scope” of gold reserves in the USA. Legislation proposed a period of suspension of at least 20 years for BTC purchased as part of the purchase program.
Original BTC Purchase Program proposal. Source: lummis.senate.gov
“Codification” of the vision of President Trump SBR
Senator Lummis in a separate statement confirmed This “Bitcoin Act returns”, expressing their excitement to restore “a breakthrough provisions that codify the bold vision of President Trump in order to establish a strategic Bitcoin reserve of the United States and strengthen the economic foundation of our nation for future generations.”
Together, we are not just adaptation to the future – we actively shape it, we write another chapter in the proud history of America about financial innovations and provide indefinite prosperity for all our citizens.
This movement is in line with the recent order of President Donald Trump to officially create a strategic BTC reserve and “digital supply of assets”. According to Bitcoinist, the ordinance, signed on March 6, stated that the SBR would be financed by crypto occupied in criminal proceedings and forfeiture.
Lummis added: “By transforming the president’s visionary performance into a permanent law, we can ensure that our nation uses the full potential of digital innovation to deal with our domestic debt, while maintaining our competitive advantage in the global economy.”
In addition, a member of the Chamber of US representatives Nick Begich introduced Comrade Act of the proposed legislation of Senator Lummis. The republican representative presented “Bitcoin Act from 2025” USA House, co -preserved by representatives of Addison McDowell, Troy Downing, Mike Collins, Pat Harrigan, Mike Rulli and Troy E. Nehls.
Begustich explained that the provisions “are aimed at ensuring that the United States has secured their financial independence and maintain leadership in the global digital economy.”
BTC's performance in the one-week chart. Source: BTCUSDT on TradingView
A distinguished painting with unmplash.com, chart from tradingview.com
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