Lummis, Colleagues Introduce Legislation to Codify Trump’s Revolutionary Strategic Bitcoin Reserve, Secure America’s Financial Future

March 11, 2025
Washington, D.C. —U.S. Senator Cynthia Lummis (R-WY), Senate Banking Subcommittee on Digital Assets Chair, introduced theBoosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Actin the U.S. Senate.
“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,”said Lummis.“Bitcoin is not simply a technological opportunity, but a national imperative for America’s continued financial leadership in the 21st century. 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. Together, we are not just adapting to the future – we are actively shaping it, writing the next chapter in America’s proud history of financial innovation and securing lasting prosperity for all our citizens.”
“I’m proud to join Senator Lummis on this common-sense bill to create a strategic Bitcoin reserve and codify President Trump’s executive order,”said Justice.“This bill represents America’s continued leadership in financial innovation, bolsters both our economic security, and gives us an opportunity to wrangle in our soaring national debt. There is plenty more to learn for me when it comes to bitcoin and other cryptocurrencies, but as a businessman I know that this effort just makes sense.”
“Like President Trump, Bitcoin has shaken up the status quo in Washington D.C. and is completely revolutionizing the way Americans invest in their futures,”said Tuberville.“Creating a Strategic Bitcoin Reserve is an important step in making sure the United States remains the strongest economy in the world. There’s no reason why we shouldn’t use Bitcoin to pay down our national debt. I am proud to join my colleagues in sponsoring this important bill, which will help President Trump usher in the Golden Age of America.”
“Decades of out-of-control spending has led to a $36 trillion national debt, and developing a Strategic Bitcoin Reserve is a critical step to improving our nation’s balance sheet,”said Moreno.“TheBITCOINActwill strengthen the U.S. dollar, help Americans hedge against inflation, and improve our financial security, and I’m proud to join Senator Lummis on this important legislation.”
“The world’s economic landscape is ever evolving, and America must adapt to remain the world’s foremost finance superpower,”said Marshall.“With the BITCOIN Act, we have a chance to diversify, strengthen, and decentralize the critically important assets that back our currency. A Bitcoin Reverse will give America a key technological and financial edge in the 21st century.”
“Bitcoin is the future of financial sovereignty, and the United States has a unique moment in time to secure its leadership in the global digital economy,”said Rep. Begich.“The BITCOIN Act ensures that America remains at the forefront of innovation while strengthening our national economic security. Senator Lummis has been a trailblazer in this space, championing the importance of Bitcoin on Capitol Hill. I am honored to partner with her on historic legislation that will solidify Bitcoin as a strategic national asset and reinforce America’s economic independence for generations to come.”
Senators Jim Justice (R-WV), Tommy Tuberville (R-AL), Roger Marshall (R-KS), Marsha Blackburn (R-TN), and Bernie Moreno (R-OH) are original cosponsors.
Rep. Nick Begich (R-AK) has introduced companion legislation in the U.S. House of Representatives.
TheBITCOIN ACTestablishes a strategic Bitcoin reserve to serve as an additional store of value to bolster America’s balance sheet and ensure the transparent management of Bitcoin holdings of the federal government. Specifically, the legislation would:
For full bill text, clickhere.
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