The BITCOIN Act of 2025: Establishing a Strategic Bitcoin Reserve for the U.S.
The U.S. is pursuing a Strategic Bitcoin Reserve through the BITCOIN Act of 2025, which aims to acquire one million bitcoins over five years without taxpayer costs. The initiative emphasizes bitcoin’s role in enhancing economic security and maintaining global leadership, announced by Congressman Nick Begich, with support from Senator Cynthia Lummis.
The United States is advancing towards the establishment of a Strategic Bitcoin Reserve (SBR) through the BITCOIN Act of 2025, recently introduced by Congressman Nick Begich of Alaska. The primary objective of this initiative is to acquire one million bitcoins over the next five years, while ensuring that taxpayers are not financially burdened by this acquisition.
During the Bitcoin for America Summit, Congressman Begich emphasized the necessity of incorporating bitcoin as a strategic asset to uphold America’s economic leadership globally. He proclaimed, “Today, I introduced the BITCOIN Act of 2025 in the U.S. House. The war on innovation is over, and the golden age of digital currency has arrived.”
This proposed legislation recognizes bitcoin’s potential to enhance financial stability akin to gold reserves. Begich remarked, “America cannot afford to fall behind in this financial revolution. A Strategic Bitcoin Reserve ensures that the U.S. remains an economic powerhouse, leveraging digital assets to counter adversarial monetary policies and reinforce our global leadership.”
Additionally, the BITCOIN Act builds on a foundation set by former President Donald Trump’s Executive Order aimed at forming a national bitcoin strategy. Begich highlighted, “President Trump’s Executive Order laid the foundation for a long-term national strategy on Bitcoin, and today, we are delivering durable and permanent authority to make that vision a reality.”
The BITCOIN Act outlines a clear directive for acquiring one million bitcoin, paralleling the strategic significance of U.S. gold reserves. It guarantees no new taxpayer burden through the utilization of Federal Reserve remittances and budget-neutral strategies. The legislation mandates that the U.S. Treasury securely store all bitcoin holdings, thereby ensuring their safety and contributing to the long-term economic stability of the nation.
Furthermore, Senator Cynthia Lummis of Wyoming has introduced a parallel bill in the Senate, underscoring bitcoin’s vital role as a financial asset for the United States. Senator Lummis remarked, “Bitcoin is not simply a technological opportunity, but a national imperative for America’s continued financial leadership in the 21st century.” The legislation also safeguards individual rights by prohibiting federal restrictions on personal bitcoin ownership and self-custody. With bitcoin’s market capitalization exceeding $1.2 trillion, Begich urges Congress to take assertive measures to maintain the U.S.’s position in the global digital economy.
The BITCOIN Act of 2025 represents a strategic initiative by the United States to establish a substantial Bitcoin Reserve, aiming to acquire one million bitcoins without imposing costs on taxpayers. This legislation highlights the importance of bitcoin as a crucial financial asset in ensuring national economic security and leadership in the digital landscape. By utilizing innovative funding strategies and safeguarding individual rights, the U.S. aims to cement its position in a rapidly evolving financial environment.
Original Source: news.bitcoin.com
Post Comment