The Bitcoin Act, re -collected by US Senator Cynthia Lomes, can hold more than 1 million BTC as part of a newly established reserves by the US government.
The bill, which was introduced last July, instructs the US government to buy 200,000 BTC annually in five years, and it receives a total of 1 million BTC, and it is expected to divert existing funds from the US Federal Reserve and Treasury.
The 2025 Bitcoin Act (Government Name: Better Investment National Wide Act promotes innovation, technology, and competitiveness) re -sale of new provisions that allow the BTC to be obtained directly by legal sources purchased by the government. This includes visits to civil and criminal cases, donations to the United States, and transfer from federal agencies.
The Bitcoin Act is proud to be re -introduced. Let’s secure America’s financial future.pic.twitter.com/jjfmpp7h
– Senator Cynthia Lomes (@Sen Limus) March 11, 2025
It will also be possible to voluntarily deposit Bitcoin with each state in the Strategic BitCoin Reserve, but these BTCs are made separately.
Lomes announced amending the bill at a meeting organized by the Bitcoin Policy Institute on March 11, highlighting the need for executive order in the law on Bitcoin reserves.
“By raising the president’s insight into executive orders in a permanent law, we can have the maximum capacity of our digital innovation, and we can both eliminate national debt and maintain competitiveness in the global economy.”
More co -discriminations for bills
The Bit Coin Act has joined the new co -sponsored: Jim Justice, Tommy Tower Well, Roger Marshal, Marsha Blackburn and Bernie Morino.
Justice commented in a statement, “We are proud to join Senator Loomis in a wise legislation, which will form a strategic bitcoin reserve and legislate President Trump’s executive orders.”
“This bill will strengthen the US leadership in financial innovation, ensure economic protection, and provide solutions to dealing with growing national loans.”
Other changes O
The bill also includes the provisions that the formal process for the value of the assets obtained through Bitcoin’s rigorous thorns and air drops has been decided.
The original bill states that all thorny assets will be kept in the reserve for five years and cannot be sold or disposed of without the approval of the law.
The revised version states that after the expiry of the mandatory holding period, the most valuable assets will be retained and “dominant assets” will be maintained on the basis of market capitalization.
In the past, BitCoin has been a hard thorn several times, with the most famous Bitcoin Cash (BCH) on August 1, 2017 and BitCoin Gold (BTG) on October 24, 2017.
Contact the Trump Administration’s Strategic BitCoin Reserve
Rap. The Loomis re -streaming bill is in accordance with President Trump’s Executive Order on Strategic Butt Coin Reserves and Digital Asset Storage.
These reserves and reservoirs will be caught in criminal and civil cases by the government using crypto currencies. Bitcoin collected in the reserves will not be sold, but it will be increased “in a procedure that does not burden the budget,” while tokens can be sold in storage.
