Congress·In Committee·H.R. 2032

House Committee Reviews BITCOIN Act to Buy and Hold 1,000,000 Bitcoin as National Reserve

BITCOIN Act of 2025

about 1 year ago·View on Congress.gov

Part of: Congress Introduces Bills to Establish a Strategic Bitcoin Reserve

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Stalled

No legislative action in over 90 days.

Legislative Progress

House

Senate

President

Law

Key Points

Creates a Treasury-run Strategic Bitcoin Reserve with secure, offline storage sites spread across the U.S. to protect government-held Bitcoin.
From policy text
“The Secretary shall establish a decentralized network of secure Bitcoin storage facilities distributed across the United States, collectively to be known as the Strategic Bitcoin Reserve for the cold storage of Government Bitcoin holdings.”
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Requires Treasury to buy 200,000 Bitcoin each year for 5 years (total 1,000,000) and publish yearly public updates for 20 years.
Locks up government Bitcoin for at least 20 years: it generally cannot be sold, traded, or used during that time; later sales would be limited and aimed at reducing national debt.
From policy text
“the Secretary shall hold all Bitcoin acquired by the United States and deposited in the Strategic Bitcoin Reserve, regardless of acquisition method, for not less than 20 years from the date of acquisition.”
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Orders federal agencies to stop selling any Bitcoin they control and transfer it into the national reserve once the government has clear legal title (like after a forfeiture case ends).
From policy text
“any Bitcoin under the control of any Federal agency, including the United States Marshal Service, shall-- (1) not be sold, swapped, auctioned, or otherwise encumbered; and (2) upon the acquisition of legal title to such Bitcoin (including after a final, unappealable judgment is entered in a criminal or civil forfeiture action in favor of the Federal agency), be transferred by the head of such Federal agency to the Strategic Bitcoin Reserve.”
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Tries to pay for the program using certain Federal Reserve resources and remittances to Treasury, including updated gold certificate values; extra funds would go to reduce public debt.
From policy text
“Funds remitted to the Secretary under subsection (c) shall be allocated as follows: (A) An amount necessary to fund the Bitcoin Purchase Program, as established in section 5, shall be reserved for that purpose, up to the full amount required to purchase 1,000,000 Bitcoins under the program. (B) Any funds in excess of the amount necessary to fully fund the Bitcoin Purchase Program shall be deposited in the general fund of the Treasury to reduce the public debt.”
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CryptocurrencyEconomyNational SecurityTrade

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(2)

Cryptocurrency Investor

Neutral

Federal Employee

Neutral

Milestones

2 milestones2 actions

Mar 11, 2025House

Referred to the House Committee on Financial Services.

Mar 11, 2025

Introduced in House

What Happens Next

Projected impacts based on AI analysis

Immediately after enactment

Treasury starts consolidating any Bitcoin controlled by federal agencies into the Strategic Bitcoin Reserve, and agencies stop selling/auctioning it.

If the government already has seized Bitcoin, it would be kept and moved into long-term storage instead of being sold off, changing how forfeited digital assets are handled.

Months after enactment

Treasury sets up the Strategic Bitcoin Reserve: multiple secure cold-storage locations across the United States, with Defense and Homeland Security consultation.

New secure facilities and procedures would be created for holding the government’s Bitcoin, aiming to reduce hacking/theft risk by spreading storage across locations.

Within 180 days for tender, then 90 days for reissue, then 90 days for remittance

Federal Reserve Banks tender outstanding gold certificates to Treasury; Treasury issues new certificates at fair market value; banks remit the cash-value difference.

This could create a one-time cash inflow to Treasury that the bill prioritizes for Bitcoin purchases, with any remainder aimed at reducing public debt.

After enactment, continuing for 5 years

Treasury begins the Bitcoin Purchase Program, aiming for up to 200,000 Bitcoins per year for 5 years, with flexibility to adjust timing to reduce market disruption.

A predictable federal buying program could affect Bitcoin markets; the exact purchase schedule could change depending on market conditions.

After enactment; then every quarter

Treasury launches a public Proof of Reserve system with quarterly public reports and an independent third-party audit.

People could see regular public updates showing how much Bitcoin the government holds and evidence it controls the keys, which could raise transparency compared to typical government asset reporting.

No later than 1 year after enactment; annually after that

Treasury publishes the first annual public report on the Bitcoin Purchase Program, then publishes yearly reports for 20 years.

Ongoing public reporting would let the public track purchases, holdings, and how funding sources were used over time.

After Treasury sets up the program

States can opt into a program to store state-owned Bitcoin in the Strategic Bitcoin Reserve in segregated accounts under contract terms.

States that hold Bitcoin could choose federal-grade storage, but they would need to accept the contract terms and the limit on federal liability for losses.

Triggered when a fork/airdrop happens; then a 5-year waiting period

For any forked or airdropped assets connected to reserve-held Bitcoin, Treasury must hold them for 5 years before most sales are allowed.

The government wouldn’t immediately sell “extra” digital assets that come from forks/airdrops; decisions about keeping or selling most of them would happen years later.

20 years after each acquisition; recommendations begin 2 years before that point

Treasury must hold all Bitcoin in the reserve for at least 20 years; near the end, Treasury sends Congress recommendations about possible debt-reduction sales limits.

Even if Bitcoin’s price jumps, the government generally cannot sell for decades, so any debt-reduction benefit (or loss avoidance) is delayed.

Related News

5 articles

Politico·about 1 year ago

Trump signs executive order to create 'strategic reserve' of crypto

President Trump signed an executive order authorizing the federal government to stockpile cryptocurrency assets seized through law enforcement. The order establishes a 'Strategic Bitcoin Reserve' and directs the Treasury to develop budget-neutral strategies for acquiring additional Bitcoin.

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Atlantic Council·about 1 year ago

What is strategic about the new digital assets reserve?

Policy experts analyze the new Strategic Bitcoin Reserve, noting it stems from Senator Lummis's 2024 proposal. Critics argue that 'HODL-ing' volatile assets may not be fiscally prudent and question the strategic value of a crypto reserve compared to traditional gold reserves used by central banks.

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Forbes·6 months ago

Bitcoin And Digital ID Show The UK's Fight Over Freedom

The article notes that U.S. Congress introduced the BITCOIN Act of 2025 to formalize policies including the potential acquisition of up to one million BTC over five years, following President Trump's March 2025 executive order to establish a Strategic Bitcoin Reserve.

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