The United States government may soon obtain a million Bitcoin-this is the goal of a new bill presented by Senator Centum Lomes (R-WY) on Tuesday. The alleged bitcoin law aims to perpetuate President Donald Trump’s plan to create a national bitcoin reserve in law.
Lummis emphasized Bitcoin’s potential for the United States:
“We can harness digital innovation to reduce national debts and maintain our economic strength.”
The proposal already contains five Republican sponsors, including Jim JUSTICE (R-WV) and Bernie Moreno (R-OH). A similar bill in the House of Representatives is also expected.
Bitcoin has returned. pic.twitter.com/wneu6swpj3
Senlummis March 11, 2025
How the United States plans to finance bitcoin reserves
The purchase of a million BTC – estimated at $ 80 billion – will be published over five years. Financing will come partially from net federal reserve profits. In addition, the Treasury will issue new golden certificates that reflect the current market prices, with the teams used to finance Bitcoin acquisitions.
Another major part of the draft law: The United States government must create safe facilities for storing bitcoin throughout the country. BTC will be stored in a cold wallet, which means that it will remain in a non -communication mode to prevent electronic attacks.
I am proud to re -present the Bitcoin Law. Let’s believe in the future of America.
Senlummis March 11, 2025
Strict rules for bitcoin reserve
The government of the United States will not be able to sell bitcoin with maritime. According to the draft law, all BTC acquired for at least 20 years must be held. Moreover, no treasury minister can sell more than 10 % of the reserves within two years.
This proposal differs from the previous White House data, which has developed Bitcoin more than a long -term strategy. Whether the Bitcoin Law will become a law still must be seen – but it highlights the increasing role of encrypted currencies in US fiscal policy.
Bitcoin Law is the solution to our national debt and the future of American prosperity.https://t.co/lfa4xr2G8H
Senlummis March 11, 2025
Meet your bitcoin currencies. Marshablackburn Berniemoreno Rogermarshallm Jimjustice_wv Sentuberville
Welcome! pic.twitter.com/g83otssylq
Senlummis March 11, 2025
New: Bitcoin Strategic Bill in the Federal House
This is the Rafis Bitcoin Raficor Bill, and it is also re -submitted today.
The accompanying bills are the same in essence. It is presented in both councils simultaneously to accelerate the process. https://t.co/vjym03vm9k
Bitcoin Laws (Pitcoin_laws) March 11, 2025
🚨 Senator Lomes to re -submit the Bitcoin Law
The main provisions:
1M BTC has been purchased over 5 years
20 years hodl (minimum) https://t.co/uvwhc0swuvBitcoin Laws (Pitcoin_laws) March 11, 2025
New: Bitcoin Strategic Bill in the Federal House
This is the Rafis Bitcoin Raficor Bill, and it is also re -submitted today.
The accompanying bills are the same in the material. It is presented in both councils simultaneously to accelerate the process. https://t.co/vjym03vm9k
Bitcoin Laws (Pitcoin_laws) March 11, 2025
🚨 Senator Lomes to re -submit the Bitcoin Law
The main provisions:
1M BTC has been purchased over 5 years
20 years hodl (minimum) https://t.co/uvwhc0swuvBitcoin Laws (Pitcoin_laws) March 11, 2025
It was first presented in July 2024
It was first introduced in July 2024, the Bitcoin Lummis Lumor Law in the Bitcoin Federal Strategy Reserve failed to remove it from the Committee in the Senate.
But the political scene has changed since then …
It was first introduced in July 2024, the Bitcoin Lummis Lumor Law in the Bitcoin Federal Strategy Reserve failed to remove it from the Committee in the Senate.
But the political scene has changed since then … pic.twitter.com/8qkogxhxgz
Bitcoin Laws (Pitcoin_laws) March 11, 2025
