On March 12th, at the "Bitcoin For America" summit, Alaskan Republican Representative Nick Begich announced that he will propose the "2025 Bitcoin Act" in the U.S. House of Representatives. This bill is an updated version of Senator Lummis's proposal last year, suggesting that the United States acquire one million bitcoins (without increasing taxpayer burden) and protect American citizens' right to self-custody bitcoin. "This bill explicitly protects individuals' freedom to own, hold and trade bitcoin," said Representative Begich, "It views self-custody as a basic right."