Key Points
- The landmark legislation will codify Trump’s vision to establish a US SBR.
- The act will transform the US President’s executive action into enduring law.
The US Senator Cynthia Lummis just shared a bullish message for the crypto industry via her X account. Lummis announced that The BITCOIN Act is back and will transform US President, Donald Trump’s executive order for a Strategic Bitcoin Reserve into law.
US Bitcoin Strategic Reserve Executive Order to Become Law
In her recent post, Lummis said that she is proud to reintroduce the landmark legislation that will:
- Codify Trump’s vision to establish the US SBR
- Strengthen the nation’s economic foundation for generations to come
Lummis stated that the meaning of Bitcoin goes beyond technological opportunities; it’s a national imperative for the US’ continued financial leadership in the 21st century.
Lummis aims to transform Trump’s “visionary” executive order into an enduring law to ensure the following:
- The US nation will harness the full potential of digital innovation.
- The US will address the national debt.
- The nation will maintain its competitive edge in the global economy.
Shaping the Future and Writing the Next Chapter in US History
Lummis concluded her message by saying that together, the nation is adapting to the future, but also actively shaping it, and writing the next chapter in the US’ proud history of financial innovation.
Another target of this move is to secure lasting prosperity for all US citizens.
This is Lummis’ address on introducing The BITCOIN Act – The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act.
The BITCOIN Act is back. pic.twitter.com/WNeU6SWPj3
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
The Senator previously introduced The BITCOIN Act last year.
The BITCOIN Act Key Points
Here are the key points of the legislation:
- Establishing a Strategic BTC Reserve
- A Bitcoin purchase program
- Proof of Reserve system
- Consolidation of Government holdings
- Voluntary state participation and segregated accounts
- Offsetting the cost of the SBR
- Protection of private property rights
Lummis’ post comes after the US President signed an executive order addressing the Strategic Bitcoin Reserve and a Digital Asset Stockpile.
The announcement follows multiple bullish reports regarding increasing Bitcoin and crypto adoption in the US and abroad.
Today, despite market volatility, Bitcoin recorded a significant price rebound from $76,000 to over $81,000.
