BITCOIN Act of 2025
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
This bill establishes a Strategic Bitcoin Reserve consisting of geographically distributed secure storage facilities across the United States. The Treasury Secretary would run a Bitcoin Purchase Program to acquire 200,000 Bitcoins per year for five years (1 million total), with a mandatory 20-year holding period during which no Bitcoin may be sold. All Bitcoin currently held by federal agencies must be transferred to the Reserve. The bill funds these purchases through two mechanisms: reducing the Federal Reserve's discretionary surplus from $6.825 billion to $2.4 billion, and revaluing gold certificates from the statutory $42.22/oz rate to fair market value (generating a one-time windfall). States may voluntarily store their own Bitcoin in segregated accounts. A quarterly Proof of Reserve system with independent auditing and GAO oversight ensures transparency. The bill also adds Bitcoin to the Exchange Stabilization Fund's authorized instruments and protects private Bitcoin property rights.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Establish a Strategic Bitcoin Reserve for the United States, create a Bitcoin Purchase Program to acquire 1 million Bitcoins over 5 years, and modify financial system rules to offset costs using Federal Reserve resources and gold certificate revaluation
Who Benefits
- Bitcoin holders and investors
- Cryptocurrency industry
- Digital asset custodians
Who Bears Costs
- Federal Reserve banks (reduced surplus, gold certificate revaluation)
- US taxpayers (asset price risk)
- Traditional financial institutions
Key Policy Areas
Finance, Cryptocurrency, Monetary Policy
Primary Purpose
Establish a Strategic Bitcoin Reserve for the United States, create a Bitcoin Purchase Program to acquire 1 million Bitcoins over 5 years, and modify financial system rules to offset costs using Federal Reserve resources and gold certificate revaluation
Policy Domains
Legislative Strategy
"Position Bitcoin as a strategic national asset comparable to gold reserves, funded by reducing Federal Reserve surplus and revaluing gold certificates to market price"
Sponsors
Legislative Progress
In CommitteeMs. Lummis (for herself, Mr. Justice, Mr. Tuberville, Mr. Moreno, …
Read twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bitcoin businesses, Bitcoin holders, Bitcoin holders and investors
Exchange Stabilization Fund, Federal agencies holding Bitcoin, Federal treasury
Positive-direction: Exchange Stabilization Fund, Federal treasury, State governments with Bitcoin holdings
Negative-direction: Federal agencies holding Bitcoin, GAO, Taxpayers, US Marshals Service, US Treasury Department
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
- "the_secretary"
- → Secretary of the Treasury
- "comptroller_general"
- → Comptroller General
- "the_secretary"
- → Secretary of the Treasury
- "the_secretary"
- → Secretary of the Treasury
- "the_secretary"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
Gratuitous distribution of digital assets to Bitcoin holders in a broad, equitable, non-discretionary manner
Method of storing private keys with secure physical location, isolated from network connections
Change to consensus mechanism creating separate ledger and new digital asset sharing transaction history with Bitcoin
Decentralized network of secure Bitcoin storage facilities established under section 4(a)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology