Senator Cynthia Lummis and Congressman Nick Begich Reintroduced a Strategic Bitcoin Reserve Bill

Senator Cynthia Lummis and Congressman Nick Begich reintroduced a strategic Bitcoin reserve bill to buy one million BTC, saying it is fiscally responsible legislation

Senator Cynthia Lummis and Congressman Nick Begich have reignited efforts to establish a strategic Bitcoin reserve with the introduction of a bill aiming to purchase one million BTC.

The Bitcoin Act of 2025

The initiative, which was a key focus during Donald Trump’s presidential campaign, has been met with renewed interest as Lummis and Begich highlighted the pressing need for such an act.

The senators emphasized the fiscal responsibility of the legislation, asserting that it would not utilize taxpayer funds and had already secured sponsors.

“This is the year we will finally pass the Bitcoin Act,” said Lummis, the Chair of the Senate Banking Subcommittee on Digital Assets, during the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC.

The senators explained that the government could unlock more funds by revaluing gold certificates to buy Bitcoins.

“We’re going to need to get creative in order to come up with the funds to purchase that Bitcoin,” said Lummis.

“My suggestion would be to simply revalue the gold certificates that are currently held in the Treasury. We could easily use those funds to purchase one million Bitcoin.”

The pressing factor in their proposal is time, as they aim to complete the purchases within the next 12 months to avoid any further increase in the Bitcoin price.

The senators further highlighted the bipartisan support for the bill, mentioning that it had already secured cosponsors from both sides of the aisle.

“So far cosponsors are [Tommy] Tubberville, [Marsha] Blackburn, [Roger] Marshall, [Bernie] Moreno, and [Jim] Justice. We have a couple more feelers out for original cosponsors today but, the House as well through Nick Begich, has six original consponsors.”

On the House side, Begich will be presenting a bill to create a digital asset strategy for the U.S., which includes a provision to purchase one million bitcoins over a period of 12 months.

“This legislation is fiscally sound, economically pragmatic, and ultimately necessary to ensure the United States remains a leader in the 21st-century global economy,” said Begich.

The congressman also pointed out that the Bitcoin Act to buy 1 million BTC is fiscally responsible legislation, and gave several arguments for this, such as the fact that Bitcoin is free from censorship and immune to geopolitical manipulation.

“The Bitcoin law does not violate the private ownership of Bitcoin, and Bitcoin itself protects the rights of individuals and businesses to freely own, possess, and conduct Bitcoin transactions.”

While Donald Trump’s initiatives regarding the Bitcoin reserve have not started a bullish trend, and we have recently seen a record drop on the contrary – the Bitcoin strategic importance apparently retains its own separate value for lawmakers.

Along with other key cryptocurrencies like Ethereum and its competitors like SOL, ADA, and XRP are beginning to take on a larger role in the U.S. economic system, and so far this has not met with any fundamental obstacles.

Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.

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