Congressman Nick Begich and Senator Lummis Introduce Landmark BITCOIN Act to Establish a U.S. Strategic Bitcoin Reserve

March 11, 2025
Press Release

WASHINGTON, D.C. – March 11, 2025 – Congressman Nick Begich (R-AK) and Senator Cynthia Lummis (R-WY) introduced the BITCOIN Act of 2025, a groundbreaking bill that sets forth in law a national cryptocurrency policy that will establish a Strategic Bitcoin Reserve (SBR) to enhance America’s financial security, global competitiveness, and economic sovereignty.

Announcing the bill during an address at the Bitcoin for America Summit, Congressman Begich reaffirmed his commitment to securing the United States’ leadership in digital assets and financial innovation. The introduction of this bill marks a historic moment in U.S. financial policy, ensuring that Bitcoin—often referred to as “digital gold”—is formally recognized as a strategic national asset.

“America cannot afford to fall behind in this financial revolution. A Strategic Bitcoin Reserve ensures that the U.S. remains an economic powerhouse, leveraging digital assets to counter adversarial monetary policies and reinforce our global leadership, said Congressman Begich. “The BITCOIN Act is about securing America’s economic future. We must lead—not follow—in this digital revolution. The time to act is now. Senator Lummis has been instrumental in bringing the Bitcoin discussion to Capitol Hill, and I am proud to work alongside her in advancing this historic legislation.”

The bicameral introduction of the BITCOIN Act with Senator Cynthia Lummis (R-WY) demonstrates Congress’s intent to advance this legislation in the 119th Congress. 

“Today, I am proud to reintroduce landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation's economic foundation for generations to come,” said Senator Lummis.  “Bitcoin is not simply a technological opportunity, but a national imperative for America's continued financial leadership in the 21st century. By transforming the president's visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy. Together, we are not just adapting to the future - we are actively shaping it, writing the next chapter in America's proud history of financial innovation and securing lasting prosperity for all our citizens."

The BITCOIN Act builds upon President Donald J. Trump’s recent Executive Order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, which seeks to position the United States as a global leader in digital financial strategy.

“President Trump’s Executive Order laid the foundation for a long-term national strategy on Bitcoin, and today, we are delivering durable and permanent authority to make that vision a reality,” said Congressman Begich. “This bill ensures that the U.S. formally adopts Bitcoin as a strategic asset, reinforcing our economic independence, securing our financial future, and positioning America as the global leader in digital financial innovation.”

The bill solidifies President Trump’s commitment to making the United States the “crypto capital of the world”, fulfilling his pledge to embrace Bitcoin as a strategic reserve asset and protect individual financial freedoms.

With Bitcoin surpassing $1.2 trillion in market capitalization, Congressman Begich emphasized the urgent need for the United States to establish a formal Bitcoin reserve, similar to its longstanding gold reserves.

  • The BITCOIN Act directs the acquisition of 1 million Bitcoin over a five-year period, mirroring the scale and strategic importance of U.S. gold reserves.
  • The bill ensures no new taxpayer burden, utilizing Federal Reserve remittances, gold certificate revaluations, and other budget-neutral strategies to fund Bitcoin acquisitions.
  • The U.S. Treasury will maintain all Bitcoin holdings in secure cold storage, ensuring maximum security and long-term economic stability.

A key provision of the BITCOIN Act affirms the right of private individuals and businesses to own, hold, and transact Bitcoin freely. The bill explicitly prohibits the federal government from interfering with self-custody rights, reinforcing the core American principles of financial sovereignty and economic liberty.

As nations seek to prioritize value creation, stable assets, and diversify their national holdings in the digital financial era, Congressman Begich is calling on his colleagues in Congress to take decisive action.

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