- Senator Lunmis has reintroduced the Bitcoin Act in the US Senate.
- Lummis said President Trump approves of the legislative move.
- The US House has also introduced the bill with six co-sponsors.
On Tuesday, US Senator Cynthia Lummis (R-WY) reintroduced the Bitcoin Act to the Senate alongside five cosponsors. The bill will lay the legislative foundation and provide more clarity for President Trump’s proposed Strategic Bitcoin Reserve.
Lummis Revives the Bitcoin Act
Last year, during the Nashville Bitcoin Conference and at the height of the Trump campaign, Lummis introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024’’ a.k.a. the ‘‘BITCOIN Act of 2024,” now the Bitcoin Act of 2025.”
The “Bitcoin Senator” returned on Tuesday to reintroduce the bill, considering the new administration and the start of a new Congress. This time, she reinforces the bill with the support of five Senate cosponsors.
“Today, I am proud to reintroduce landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come,” Lummis wrote.
“By transforming the President’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy.”
Furthermore, Lunmis stated that “President Trump is with us” on this bill, which makes it a more optimistic venture and potentially increases its likelihood of succeeding in Congress. Besides any other meeting the Senator may have had with Trump, the closest public endorsement for this bill is the SBR Executive Order in which the President approved maximizing Bitcoin’s potential to build lasting wealth for America.
Similar to the EO, Lummis’ bill recognizes Bitcoin as “a decentralized and finitely scarce digital asset” which can complement other national reserve assets while enhancing the United States security and promoting its financial leadership in the global economic landscape.
The Bitcoin Act empowers the Treasury Secretary to strategically purchase 1 million Bitcoins; 200K Bitcoins per year over a 5-year duration in a manner that does not disrupt the market. The Treasury will also not sell any of the Bitcoin during this 5-year period, “unless explicitly ordered by the law.”
Bitcoin Act Introduced In US House
On Tuesday also, Rep Nick Begich announced the introduction of the Bitcoin Act of 2025 to the US House of Representatives. The Congressman also announced the support of six original co-sponsors for the bill.
“…this is a bold and forward-looking legislative initiative designed to ensure the United States secures its financial independence and maintains its leadership in the global economy,” Begich said.
Speaking on the immense benefits of the SBR to the US economy, Strategy Executive Chairman, Michael Saylor, predicted that the SBR “should add between $3 trillion to $106 trillion to the U.S. Treasury by 2045.” Saylor, who described Bitcoin as “digital capital” also forecasted that “US corporations will be capitalized on Bitcoin worth $20-$40 trillion” in the next 20 years.
