BITCOIN Act of 2025

Hozzl · 2025-04-01T13:21:25Z

Explore the details of Senate Bill 954 BITCOIN Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/1/2025, 1:21 PM

Summary of Bill S 954

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.

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Current Status of Bill S 954

Bill S 954 is currently in the status of Bill Introduced since March 11, 2025. Bill S 954 was introduced during Congress 119 and was introduced to the Senate on March 11, 2025. Bill S 954's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 11, 2025

Bipartisan Support of Bill S 954

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 954

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 954

A 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.A 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.

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