Lummis’ proposal would obligate the U.S. government to accumulate 1 million BTC over five years, worth roughly $80 billion at current prices. The acquisition would be funded by:
Issuing new gold certificates based on current market prices, with the Fed paying the difference
Additionally, the bill requires the Treasury Secretary to create a “decentralized network” of secure Bitcoin storage facilities across the U.S., where the BTC would be held in cold wallets for at least 20 years before any portion could be sold.
Bitcoin as a National Asset?
The legislation already has five Republican co-sponsors, including Jim Justice (R-WV), Tommy Tuberville (R-AL), Roger Marshall (R-KS), Marsha Blackburn (R-TN), and Bernie Moreno (R-OH)—all known for their pro-crypto stances. Rep. Nick Begich (R-AK) is expected to introduce a companion bill in the House of Representatives.
Lummis believes this is a once-in-a-lifetime move to position the U.S. as the global leader in digital assets:
“By transforming the president’s visionary executive action into enduring law, we can ensure our nation harnesses the full potential of digital innovation,” she said.
While Trump’s Bitcoin reserve aims for long-term holding with no plans to sell, Lummis’ bill allows for some future sales, but limits Treasury Secretaries to selling no more than 10% of the reserve in any two-year period.
Last week, White House officials emphasized that their plan for Bitcoin acquisition must remain budget neutral, meaning no additional taxpayer funds would be allocated. Lummis’ approach appears far more aggressive, securing funding through financial instruments rather than relying on government budget cycles.
What’s Next?
With the U.S. Senate shifting toward a more crypto-friendly stance, this bill could set the stage for an unprecedented federal Bitcoin accumulation strategy. If passed, it would cement Bitcoin’s role in U.S. financial policy, potentially influencing global central banks and institutional investors.
For now, all eyes are on Congress to see if this ambitious Bitcoin play becomes law.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.
