Key dealers
- Senator Cynthia Lummis will announce the development of US strategic Bitcoin reserve.
- President Trump signed an executive order for a strategic Bitcoin Reserve that handled seized assets.
Senator Cynthia Lummis reinstated The Bitcoin team today when he participated in a Bitcoin-focused conference hosted by the Bitcoin Policy Institute. The event also contained Michael Saylor and Vivek Ramasswamy.
The Bitcoin team is back. pic.twitter.com/wneu6swpj3
– Senator Cynthia Lummis (@senlummis) March 11, 2025
In front of the announcement, Lummis had shared a short video about Bitcoin Reserve Hype, with the task that “big things come” and that she is “really this time.”
I’m really this time. pic.twitter.com/0ejfxty5ta
– Senator Cynthia Lummis (@senlummis) March 11, 2025
The Senator first revealed the bill in July 2024, but failed to promote it due to limited two -party support and skepticism about its feasibility. It “died” at the end of the congress session 2023-2024. Bills that do not pass during a congressional session must be reintroduced during the next session to remain active.
According to the proposed legislation, the strategic Bitcoin reserve, monitored by the Treasury, would use safe and decentralized storage throughout the United States and include measures for forks and aircraft drops with a five-year holding period.
The bill introduces a bitcoin -buying program aimed at acquiring up to 1 million BTC for five years, with holdings maintained for at least 20 years. Openness would be ensured through independent proof-of reserve audits.
The legislation also allows states to store Bitcoin in segregated accounts and include cost measures. To cover expenses, the law specifies the first $ 6 billion in annual Fed transfers from 2025 to 2029 for the Bitcoin -Köpp program.
Lummis announcement follows President Donald Trump’s executive order to establish a strategic Bitcoin reserve, which was issued last week. The order does not involve a new acquisition of the government of bitcoin; Instead, it formalizes policies to manage seized assets.
According to David Bailey, CEO of BTC INC, Trump’s executive order is the first step; The next step is to operate for legislation in Congress to strengthen the creation of a strategic Bitcoin reserve.
“What people lack with SBR is that it is not implemented only through executive measures or through legislation … We want both. The executive measure cleans the political lane and tells the congress that this is a priority,” stated Bailey.
“It’s time for the Bitcoin team,” he added.
