Senator Lummis Reintroduces BITCOIN Act to Expand U.S. Bitcoin Reserve

Following Trump’s executive order to establish a Strategic Bitcoin Reserve, new developments emerge:

• Criticism surrounds the vague language regarding potential BTC purchases and lack of Congressional support.
• Senator Cynthia Lummis re-introduces the BITCOIN Act, which includes provisions for buying up to 200,000 BTC annually over five years, totaling one million BTC.
• The bill proposes new gold certificates issued by the Treasury to fund these purchases, with BTC held for at least 20 years to ensure stability.
• Michael Saylor estimates that by 2045, the existing 200,000 BTC could be worth $3 trillion, and a million BTC would rise to approximately $16 trillion.
• Lummis notes that some Congress members still do not understand BTC's role as "digital gold," indicating potential state-level initiatives may precede federal action.