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.

Congressional Summary of S 954

Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025 or the BITCOIN Act of 2025

This bill provides for the acquisition and storage of the cryptocurrency Bitcoin by the U.S. government.

The Department of the Treasury must purchase one million Bitcoins over a five-year period and hold the Bitcoins in trust for the United States. The bill also allows for additional acquisitions through specified transfers, forfeitures, and gifts. All Bitcoins acquired by the United States and placed into the Strategic Bitcoin Reserve must be held for at least 20 years. At the end of this period and upon the recommendation of Treasury, a percentage of the holdings may be sold to reduce the national debt. The bill also establishes exceptions to this holding period for specified Bitcoin asset distributions and splits.

The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve. States may voluntarily store Bitcoin holdings in the reserve in segregated accounts.

The bill also reduces the total amount of U.S. dollars Federal Reserve banks may hold in surplus and requires Federal Reserve banks to remit a certain amount of net earnings annually to the purchase of Bitcoins.

The bill also allows the use of Treasury’s Exchange Stabilization Fund to carry out purchases made under this bill.

Read the Full Bill

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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.

Comments

Clara Godfrey

620

11 months ago

I'm so excited about this new bill! I think it's going to make a big impact on our country. Can't wait to see how it all plays out! #politics #USA #excited