Lummis wants America buying Bitcoin "loudly, by law"

A Call to Buy Openly

Senator Cynthia Lummis (@SenLummis) has a straightforward message: while other nations are quietly accumulating $BTC, the United States should be doing it openly, on the record, and backed by law. Her vehicle for that ambition is the BITCOIN Act, formally known as the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act.

The BITCOIN Act directs the acquisition of 1 million Bitcoin over a five-year period, mirroring the scale and strategic importance of US gold reserves. The bill is designed to impose no new taxpayer burden, utilizing Federal Reserve remittances, gold certificate revaluations, and other budget-neutral strategies to fund Bitcoin acquisitions. All new BTC added to the program would have to be held for at least 20 years before it could be sold.

Although the White House in March 2025 issued an executive order directing agencies to lay groundwork for a federal Bitcoin stockpile, only Congress can appropriate funds or modify debt-management statutes, a hurdle the BITCOIN Act is designed to clear.

The Gap Lummis Wants Closed

The United States government holds approximately 328,372 Bitcoin worth roughly $25 billion at current prices, making it the largest known state holder of BTC on the planet. That stockpile exists because of forfeitures and seizures from criminal cases, not because Congress voted to buy it. Nothing in current law requires Washington to add a single coin, and that is precisely the gap Lummis is trying to close.

While the bill remains in committee, its introduction signals that Congress and the White House are open to treating digital assets as a legitimate asset class worthy of public investment. Abroad, the United Arab Emirates is building exposure through US-listed spot ETFs, while the Czech National Bank is studying BTC as a reserve diversifier, reinforcing Lummis's argument that the US risks falling behind if it does not act legislatively.

With the passage of the GENIUS Act, which establishes a regulatory framework for payment stablecoins, it is possible more digital asset legislation like the strategic reserve bill could advance in the coming term. For now, the BITCOIN Act sits in committee, and the senator's push to make America's Bitcoin strategy loud, legal, and permanent continues.

Sources:
Senator Lummis official press release on the BITCOIN Act
Decrypt: Sen. Lummis Reintroduces Bitcoin Act
White House Executive Order: Establishment of the Strategic Bitcoin Reserve