119th Congress
H.R. 2032
BITCOIN Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Nicholas J. Begich III(R-AK)
- Introduced
- Mar 11, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services
- Official text
- Introduced in House · Congress.gov page
Cosponsors (9)
Original cosponsors (6)
- Addison P. McDowell (R-NC)
- David J. Taylor (R-OH)
- Michael A. Rulli (R-OH)
- Mike Collins (R-GA)
- Pat Harrigan (R-NC)
- Troy E. Nehls (R-TX)
Added later (3)
- Robert F. Onder, Jr. (R-MO) · Mar 27, 2025
- Kimberlyn King-Hinds (R-MP) · Mar 31, 2025
- Earl L. "Buddy" Carter (R-GA) · Jun 23, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025 or the BITCOIN Act of 2025
This bill provides for the acquisition and storage of the cryptocurrency Bitcoin by the U.S. government.
The Department of the Treasury must purchase one million Bitcoins over a five-year period and hold the Bitcoins in trust for the United States. The bill also allows for additional acquisitions through specified transfers, forfeitures, and gifts. All Bitcoins acquired by the United States and placed into the Strategic Bitcoin Reserve must be held for at least 20 years. At the end of this period and upon the recommendation of Treasury, a percentage of the holdings may be sold to reduce the national debt. The bill also establishes exceptions to this holding period for specified Bitcoin asset distributions and splits.
The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve. States may voluntarily store Bitcoin holdings in the reserve in segregated accounts.
The bill also reduces the total amount of U.S. dollars Federal Reserve banks may hold in surplus and requires Federal Reserve banks to remit a certain amount of net earnings annually to the purchase of Bitcoins.
The bill also allows the use of Treasury’s Exchange Stabilization Fund to carry out purchases made under this bill.
Roll-call votes
No recorded votes on this bill.
Actions
- Mar 11, 2025 · House
Referred to the House Committee on Financial Services. - Mar 11, 2025
Introduced in House