BITCOIN Act of 2025
4/1/2025, 1:21 PMCongress
119
Number
S - 954
Introduced on
2025-03-11
# Amendments
0
Sponsors
Cosponsors
Status of Legislation
Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote
Purpose and Summary
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill 119 s 954, also known as the Strategic Bitcoin Reserve Act, aims to create a Strategic Bitcoin Reserve for the Federal Government. This reserve would be used to manage and store Bitcoin holdings in a transparent manner. The bill also includes provisions for offsetting costs by utilizing resources from the Federal Reserve System.
The purpose of establishing this reserve is to ensure that the Federal Government has a strategic plan in place for managing its Bitcoin holdings. By creating a transparent system for managing these assets, the government aims to increase accountability and oversight of its cryptocurrency holdings.
Additionally, the bill includes provisions for utilizing resources from the Federal Reserve System to offset costs associated with managing the Strategic Bitcoin Reserve. This could potentially help reduce the financial burden on the government and ensure that the reserve is sustainable in the long term. Overall, the Strategic Bitcoin Reserve Act aims to establish a clear framework for managing the Federal Government's Bitcoin holdings and ensuring transparency in the process. By utilizing resources from the Federal Reserve System, the government hopes to effectively manage its cryptocurrency assets while minimizing costs.
The purpose of establishing this reserve is to ensure that the Federal Government has a strategic plan in place for managing its Bitcoin holdings. By creating a transparent system for managing these assets, the government aims to increase accountability and oversight of its cryptocurrency holdings.
Additionally, the bill includes provisions for utilizing resources from the Federal Reserve System to offset costs associated with managing the Strategic Bitcoin Reserve. This could potentially help reduce the financial burden on the government and ensure that the reserve is sustainable in the long term. Overall, the Strategic Bitcoin Reserve Act aims to establish a clear framework for managing the Federal Government's Bitcoin holdings and ensuring transparency in the process. By utilizing resources from the Federal Reserve System, the government hopes to effectively manage its cryptocurrency assets while minimizing costs.
Alternative Names
Official Title as IntroducedA bill to establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utlizing certain resources of the Federal Reserve System, and for other purposes.
Display TitleA bill to establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utlizing certain resources of the Federal Reserve System, and for other purposes.
Official Title as IntroducedA bill to establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utlizing certain resources of the Federal Reserve System, and for other purposes.
Policy Areas
Finance and Financial Sector
Comments
Most relevant
Recent Activity
Latest Action3/11/2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.