The newly re -introduced Bitcoin Act, the US Senator Cynthia Lummis will allow the government to potentially stop over 1 million Bitcoins as part of the newly established reserve.

The Act, first introduced in July, directs the US government to the purchase of 200,000 Bitcoins (BTC) a year within five years for complete acquisition of 1 million bitcoins, which will be paid by diversifying existing funds in the federal reserves system and the treasury department.

But re -introduced The Act, increasing innovation, technology and competitiveness through the optimized Act on investments across the country (Bitcoin) from 2025, opens the doors for the US to obtain and maintain over 1 million BTC, if purchased by legal funds than the purchase of direct or purchase, such as civil or criminal conclusion, gifts made for the US or transfer.

Proud of the introduction of the Bitcoin act. Let’s secure the financial future of America.pic.twitter.com/jjfmmopp7h

– Senator Cynthia Lummis (@senlummis) March 11, 2025

Additional bitcoins can also come from the United States that they voluntarily store their Bitcoin Holdings in the Bitcoin strategic reserve, although it will be stored on a segregated account.

“By transforming the President’s visionary performance into a permanent law, we can assure you that our nation uses the full potential of digital innovations to deal with our domestic debt while maintaining our competitive advantage in the global economy,” said Lummis, who announced the renovated bill during the conference of March 11 organized by the Bitcoin Policy Institute.

Lummis uses recent co -owners of account

The Bitcoin Act also has many recent co -person, including Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Berni Moreno.

“I proudly joined the Lummis senator on this widespread reason to create a strategic Bitcoin reserve and codify the executive ordinance of President Trump,” justice he said in a statement.

“This account represents continuous leadership in America in the field of financial innovation, strengthens both our economic security and gives us the opportunity to explode our growth of domestic debt,” he added.

Other changes

The bill now also establishes a formal process of assessing billed assets of bitcoins and assets with drops in the reserve.

Initially, the bill required storage of all forkled assets in the reserve and it cannot be sold or removed for five years, unless it is authorized by law.

Related: Texas Senate transfers Bitcoin Reserve Bill, Modern York is aiming

The recent bill is now managed by the secretary after the obligatory storage period to assess and maintain the most valuable assets based on market capitalization while maintaining “dominant assets”.

Bitcoin has dispelled in the past several times in the past to create recent cryptocurrencies, in particular Bitcoin Cash (BCh), which forked on August 1, 2017, I Bitcoin Gold (BTG), which forked on October 24, 2017.

The re -introduction of the Lummis account appears only a few days after US President Donald Trump has signed an executive order to create a “strategic Bitcoin reserve” and “digital actions”.

The reserve and reserves will initially employ cryptocurrency lost in criminal and civil matters of government, but the reserve does not sell detained bitcoins and will employ the “neutral budget” ways to enhance its size, while tokens from shares could be sold.

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