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Crypto-friendly Senator Lummis' new Bitcoin Reserve Bill would allow the US government to hold more than 1 million BTC


2025-03-1214764 Views
Cynthia Lummis, a US senator friendly to encryption and chairman of the US Senate Banking Committee's digital asset subcommittee, has resubmitted a new version of the Bitcoin Reserve Act. The latest version will allow the US government to hold more than 1 million bitcoins, as long as these bitcoins are obtained through legal means other than direct purchase, such as civil or criminal forfeiture, gift to the United States, or transfer from a federal agency. The previous version of the bill required a total acquisition of 1 million bitcoins within five years. In addition, the new bill also establishes an evaluation process for Bitcoin fork assets and airdropped assets in reserves, requiring all fork assets to be held in reserves and not sold or disposed of within five years unless authorized by law.




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