{"id":839952,"date":"2025-04-08T18:13:43","date_gmt":"2025-04-08T23:13:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/08\/lummis-re-introduces-bill-to-create-bitcoin-strategic-reserve\/"},"modified":"2025-04-08T18:13:43","modified_gmt":"2025-04-08T23:13:43","slug":"lummis-re-introduces-bill-to-create-bitcoin-strategic-reserve","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/08\/lummis-re-introduces-bill-to-create-bitcoin-strategic-reserve\/","title":{"rendered":"Lummis Re-introduces Bill to Create Bitcoin Strategic Reserve"},"content":{"rendered":"

Bitcoins <\/p>\n

\n

\"bitcoins<\/a><\/p>\n

The legislation, which Lummis first proposed last year, seeks to codify President Trump\u2019s recent executive order. The order establishes a Bitcoin reserve for the U.S. government.<\/strong><\/h4>\n

This Bitcoin strategic reserve bill would direct the government to purchase 1 million bitcoins over five years. The funds would be stored in a \u201cdecentralized network\u201d of storage facilities.<\/p>\n

Lummis Bill Seeks to Fund Bitcoin Reserve with Federal Resources<\/strong><\/h5>\n

The funds for these purchases would be drawn from diversifying existing resources in the Federal Reserve system. According to a press release<\/a>, $6 billion in remittances from reserve banks would be allocated each year. From 2025 to 2029, build up the reserve. The plan also looks to tap into the Federal Reserve\u2019s gold certificates to support the reserve\u2019s growth.<\/p>\n

Lummis believes Bitcoin is more than just a technological opportunity\u2014it\u2019s a national imperative for America\u2019s financial future. \u201cBy transforming the president\u2019s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation,\u201d she said. Lummis believes this will help tackle the national debt and maintain America\u2019s competitive edge in the global economy.<\/p>\n

\n

Proud to re-introduce the BITCOIN Act. Let\u2019s secure America\u2019s financial future.pic.twitter.com\/jJFmMopP7h<\/a><\/p>\n

\u2014 Senator Cynthia Lummis (@SenLummis) March 11, 2025<\/a><\/p>\n<\/blockquote>\n

The bill is co-sponsored by several Republican senators, including Jim Justice (W.Va.), Tommy Tuberville (Ala.), Roger Marshall (Kan.), Marsha Blackburn (Tenn.), and Bernie Moreno (Ohio). While similar to Trump\u2019s executive order, Lummis\u2019s bill differs in key ways.<\/p>\n

More About Bitcoin Strategy Reserves<\/strong><\/h5>\n

In 2024, the number of public companies holding Bitcoin<\/a> surged by an impressive 80%, reflecting a growing interest in cryptocurrency as a treasury asset, according to data presented by River. Since 2023, this number has increased by an even more remarkable 139%, although the overall adoption of Bitcoin as a treasury asset remains below 1% of all publicly traded firms.<\/p>\n

The chart highlights a steady upward trend in the number of public companies with Bitcoin holdings from 2020 to 2025, with a significant acceleration in 2024. Notably, major indices such as the S&P 500 and NASDAQ 100 have limited representation, with only 2 and 3 companies holding Bitcoin, respectively, indicating that the trend is still emerging among the largest corporations.<\/p>\n

<\/p>\n

Disclaimer<\/strong><\/h6>\n

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer\/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.<\/p>\n<\/p><\/div>\n

Rebecka Buresh Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The legislation, which Lummis first proposed last year, seeks to codify President Trump\u2019s recent executive order. The order establishes a Bitcoin reserve for the U.S. government. This Bitcoin strategic reserve bill would direct the government to purchase 1 million bitcoins over five years. The funds would be stored in a \u201cdecentralized network\u201d of storage facilities.<\/p>\n","protected":false},"author":1,"featured_media":839953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93957,143096],"tags":[11476],"class_list":{"0":"post-839952","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-lummis","8":"category-re-introduces","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=839952"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/839953"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=839952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=839952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=839952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}