“I am proud to re -provide prominent legislation that would highlight President Trump’s bold vision to create a bitcoin strategic reserve for the United States and strengthen our nation’s economic institution for future generations,” Senator Lomes said on March 11.
The Bitcoin Law, or “enhancing innovation, technology and competitiveness through the improved investment law at the country level, was proposed, as it was officially called in July 2024 and needs to be re -submitted due to the new legislative term.
The draft law includes many Republican sponsors, including Senator Jim Al -Adl, Tommy Tobrville, Roger Marshall, Marsha Blackburn and Bern Moreno.
I am proud to re -present the Bitcoin Law. Let’s believe in the future of America.pic.twitter.com/JJFMOP7H
Senlummis March 11, 2025
Establishing the Bitcoin Strategic Reserve in the country
The main provisions of the law include the establishment of a network of safe bitcoin cellar run by the US Treasury and the implementation of a million BTC program, or about 5 % of the total offer.
Bitcoin’s purchase program declares 200,000 BTC acquisition annually for a period of five years and requires a period of not less than 20 years.
It also aims to finance the initiative by diversifying the current funds from the Federal Reserve and the Treasury Treasury and confirms the rights of self -need for private bitcoin holders.
“Bitcoin is not just a technological opportunity, but it is a national necessity to lead America’s continuous financial leadership in the twenty -first century,” He said Lomes.
Jim Al -Adl called it a “proper logic law”, adding:
“There is a lot to learn for me when it comes to Bitcoin and other encrypted currencies, but as a businessman I know this effort is logical.”
Meanwhile, Tommy Tobreville said, “There is no reason that prevents us from not using Bitcoin to pay our national debt.”
Bernie Moreno said: “Contracts from spending out of control have led to national debts worth $ 36 trillion, and the development of the strategic bitcoin reserve is a decisive step to improve the public budget of our nation,” said Bernie Moreno.
the invoice It also aims to reduce the discretionary money of the Federal Reserve from 6.8 billion dollars to $ 2.4 billion and to redirect $ 6 billion of federal reserve transfers to the treasury over the next four years.
Say that with me: This is the year for bitcoin and digital assets.
Senlummis March 11, 2025
SBR State update
There are currently 19 American states with a strategic bitcoin reserve legislation, 2 with bills in the final stages of approval, and 5 states refused proposals to allow her treasury to invest in BTC, According to To monitor Bitcoin reserves.
On March 6, President Trump signed an executive order to create a Bitcoin strategy reserve using BTC that the government has already seized.
The original achieved a simple recovery today, as it got 4.6 % to restore the price of $ 83,000 during early trading in Asia on Wednesday morning. It has been approximately 30 % of its highest levels ever.
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