Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.
The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department.
However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.
Proud to re-introduce the BITCOIN Act. Let’s secure America’s financial future.pic.twitter.com/jJFmMopP7h
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
The extra Bitcoin can also come from US states that voluntarily store their Bitcoin holdings in the strategic Bitcoin reserve, though it’ll be stored in a segregated account.
“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,” said Lummis, who announced the revamped bill during a March 11 conference hosted by The Bitcoin Policy Institute.
Lummis taps new bill co-sponsors
The BITCOIN Act also has a number of new co-sponsors, including Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno.
“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,” Justice said in a statement.
“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,” he added.
Other changes
The bill also now sets a formal evaluation process for Bitcoin forked assets and airdropped assets in the reserve.
Initially, the bill required all forked assets to be stored in the reserve and couldn’t be sold or disposed of for five years unless authorized by law.
Related: Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded
The new bill now directs the Secretary after the mandatory holding period to evaluate and retain the most valuable asset based on market capitalization while retaining the “dominant asset.”
Bitcoin has hard forked a number of times in the past to create new cryptocurrencies, most notably Bitcoin Cash (BCH), which forked on Aug. 1, 2017, and Bitcoin Gold (BTG), which forked on Oct. 24, 2017.
Lummis’ reintroduced bill comes just days after US President Donald Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”
The reserve and stockpile will initially use cryptocurrency forfeited in government criminal and civil cases, but the reserve won’t sell the stashed Bitcoin and will use “budget-neutral” ways to increase its size, while tokens from the stockpile could be sold.
Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame
Bitcoin (BTC) $ 121,986.00
Ethereum (ETH) $ 4,724.62
XRP (XRP) $ 3.27
Tether (USDT) $ 1.00
BNB (BNB) $ 842.09
Solana (SOL) $ 199.30
USDC (USDC) $ 0.999806
Lido Staked Ether (STETH) $ 4,711.48
Dogecoin (DOGE) $ 0.242543
TRON (TRX) $ 0.360688
Cardano (ADA) $ 0.875035
Wrapped stETH (WSTETH) $ 5,717.85
Chainlink (LINK) $ 23.75
Hyperliquid (HYPE) $ 46.87
Wrapped Bitcoin (WBTC) $ 121,849.00
Wrapped Beacon ETH (WBETH) $ 5,084.42
Stellar (XLM) $ 0.450516
Sui (SUI) $ 3.97
Wrapped eETH (WEETH) $ 5,068.24
Bitcoin Cash (BCH) $ 610.12
Hedera (HBAR) $ 0.263115
WETH (WETH) $ 4,724.82
Ethena USDe (USDE) $ 1.00
Avalanche (AVAX) $ 25.15
Litecoin (LTC) $ 129.24
Toncoin (TON) $ 3.50
LEO Token (LEO) $ 9.24
Shiba Inu (SHIB) $ 0.000014
USDS (USDS) $ 0.999558
Uniswap (UNI) $ 11.99
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999977
Coinbase Wrapped BTC (CBBTC) $ 121,910.00
WhiteBIT Coin (WBT) $ 46.68
Polkadot (DOT) $ 4.20
OKB (OKB) $ 102.66
Ethena Staked USDe (SUSDE) $ 1.19
Bitget Token (BGB) $ 4.79
Cronos (CRO) $ 0.165365
Ethena (ENA) $ 0.769277
Pepe (PEPE) $ 0.000012
Aave (AAVE) $ 327.02
Monero (XMR) $ 254.50
Dai (DAI) $ 1.00
Mantle (MNT) $ 1.12
Bittensor (TAO) $ 388.48
Ethereum Classic (ETC) $ 23.96
NEAR Protocol (NEAR) $ 2.93
Aptos (APT) $ 4.95
Ondo (ONDO) $ 1.06
Internet Computer (ICP) $ 5.91
Pi Network (PI) $ 0.399072
Jito Staked SOL (JITOSOL) $ 243.55
Binance-Peg WETH (WETH) $ 4,722.50
Arbitrum (ARB) $ 0.546574
Kaspa (KAS) $ 0.097989
Algorand (ALGO) $ 0.274285
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Pudgy Penguins (PENGU) $ 0.037084
POL (ex-MATIC) (POL) $ 0.250332
VeChain (VET) $ 0.026196
Cosmos Hub (ATOM) $ 4.79
Rocket Pool ETH (RETH) $ 5,370.58
USD1 (USD1) $ 0.999772
Render (RENDER) $ 4.16
Gate (GT) $ 17.43
Kelp DAO Restaked ETH (RSETH) $ 4,953.32
Bonk (BONK) $ 0.000027
Binance Staked SOL (BNSOL) $ 212.94
Worldcoin (WLD) $ 1.10
Sei (SEI) $ 0.350201
sUSDS (SUSDS) $ 1.06
Fasttoken (FTN) $ 4.58
Artificial Superintelligence Alliance (FET) $ 0.735950
Official Trump (TRUMP) $ 9.52
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.39
Filecoin (FIL) $ 2.70
Story (IP) $ 5.95
StakeWise Staked ETH (OSETH) $ 4,968.35
Sky (SKY) $ 0.082117
Liquid Staked ETH (LSETH) $ 5,109.59
Mantle Staked Ether (METH) $ 5,033.02
Quant (QNT) $ 115.13
Flare (FLR) $ 0.023247
Jupiter (JUP) $ 0.544486
Lombard Staked BTC (LBTC) $ 121,774.00
SPX6900 (SPX) $ 1.72
KuCoin (KCS) $ 12.45
Injective (INJ) $ 15.73
Celestia (TIA) $ 1.97
USDtb (USDTB) $ 1.00
Optimism (OP) $ 0.826958
XDC Network (XDC) $ 0.088988
Renzo Restaked ETH (EZETH) $ 4,979.89
Curve DAO (CRV) $ 1.03
Stacks (STX) $ 0.771675
NEXO (NEXO) $ 1.37
Pump.fun (PUMP) $ 0.003883
USDT0 (USDT0) $ 1.00
Provenance Blockchain (HASH) $ 0.028304
Falcon USD (USDF) $ 0.999996