The Bitcoin Law, which was re -displayed by American Senator Sinatia Lomes, will allow the government to carry more than a million Bitcoin as part of its newly created reserves.
The draft law, which was first presented in July, directs the United States government to buy 200,000 Bitcoin (BTC) annually over a five -year period to obtain a total acquisition of one million bitcoins, which will be paid by diversifying the current funds within the Federal Reserve and the Treasury.
However, the Restore ACT, augmented innovation, technology, and competitiveness through the optimal investment law in the country (Bitcoin) for the year 2025, opens the door to the United States to obtain more than 1 million BTC as long as it is obtained through direct legal means, such as civil or criminal demonstration, and gifts provided to the United States or from American offers.
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
Additional Bitcoin can also come from the United States that voluntarily storing its Bitcoin’s bitcoins in the strategic Bitcoin reserves, although it will be stored in a separate account.
“By converting the executive measure of the president into permanent law, we can make sure that our nation will bear the full potential for digital innovation to address our national debt while maintaining the advantage of competition in the global economy,” said Le Misr, who announced the draft law that was renewed during a conference at the Bitcoin conference.
Lummis click on the sponsors of participants in Bill Bill
Bitcoin also includes a number of new sponsors, including Republican Senator Jim Al -Adl, Tommy Tobreville, Roger Marshall, Marsha Blackburn and Bern Moreno.
“I am proud to join Senator Lomes on this proper bill to create a strategic bitcoin reserve and write down the executive order of President Trump,” Justice. He said In a statement.
He added: “This draft law represents the continued leadership of America in financial innovation, enhances both our economic security, and gives us an opportunity to assemble in our high national debts.”
Other changes
The draft law now defines an official evaluation of the interlocking assets in Bitcoin and the assets that have been transferred in the reserve.
Initially, the draft law requests all the extremist assets in storing it in the reserve and cannot be sold or disposed of for a period of five years unless the law is declared.
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The new draft law is now directing the secretary after the mandatory period of retention to evaluate the most valuable assets and keep them based on the market value while maintaining the “dominant assets”.
Bitcoin has distorted several times in the past to create new encrypted currencies, most notably Bitcoin Cash (BCH), which was thorned on August 1, 2017, and Bitcoin Gold (BTG), which was thorned on October 24, 2017.
The Lummis Bill, which was re -displayed, comes a few days after US President Donald Trump signed an executive order to create a “strategic bitcoin reserve” and “Digital Asset stock”.
The reserve and stock will initially use the confiscation of the cryptocurrency in governmental and civil criminal cases, but the reserve will not sell bitcoin hidden and will use “neutral budget” methods to increase its size, while symbols can be sold from the stock.
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