Congressman Nick Begich (R-AK) and Senator Cynthia Lummis (R-WY) are shaking up U.S. financial policy with the introduction of the BITCOIN Act of 2025, a bill that would create a national Strategic Bitcoin Reserve. The legislation aims to cement America’s leadership in digital finance by treating Bitcoin as a key strategic asset—often dubbed “digital gold.”
Speaking at the Bitcoin for America Summit, Begich stressed the urgency of the move. “America cannot afford to fall behind in this financial revolution,” he said. “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.”
Begich says the legislation isn’t about following trends but about setting the pace in a digital future.
The BITCOIN Act is designed to transform President Trump’s previous executive order into enduring law. The bill directs the acquisition of one million Bitcoin over the next five years, a move aimed at paralleling the importance of the nation’s gold reserves.
According to the legislation, the U.S. Treasury would hold these digital assets in secure cold storage, ensuring that the funds remain safe and contribute to long-term economic stability.
Senator Lummis, who has been very vocal about the need for digital asset policy on Capitol Hill, echoed this. “Today, I am proud to reintroduce landmark legislation that will codify President Trump’s bold vision,” she said. “Bitcoin is not just a technological opportunity—it’s a national imperative for America’s financial leadership in the 21st century.” Lummis emphasized that by turning executive action into law, the U.S. can fully harness digital innovation to tackle challenges like the national debt while maintaining a competitive edge globally.
A key selling point of the BITCOIN Act is its commitment to fiscal responsibility. The bill is designed to be budget-neutral, relying on Federal Reserve remittances and gold certificate revaluations to fund Bitcoin purchases. There’s no new tax burden for Americans, which lawmakers hope will ease concerns over the financial implications of the initiative.
Beyond the strategic reserve, the act protects private financial freedoms by explicitly affirming the right of individuals and businesses to own, hold, and transact Bitcoin without government interference. This provision underscores a commitment to American values of economic liberty and financial sovereignty.
As digital currencies continue to reshape the global financial landscape—with Bitcoin’s market capitalization now topping $1.2 trillion—the BITCOIN Act positions the U.S. to remain at the forefront of this emerging frontier. Lawmakers view the reserve as a countermeasure against adversaries’ monetary policies, while also reinforcing the country’s competitive standing in the digital age.
With bipartisan backing, the BITCOIN Act is set to advance through the 119th Congress. For Congressman Begich and Senator Lummis, the bill is more than just policy—it’s about securing the nation’s economic future. “We must lead—not follow—in this digital revolution,” Begich said, urging his colleagues to act decisively.
