Bitcoin Law: US Pushes to Reserve 1 Million BTC Without Cost to Taxpayers

The United States is pushing for the establishment of the Bitcoin Strategic Reserve Fund, with the BITCOIN Act of 2025 in the House of Representatives and the accompanying bill in the Senate, aiming to obtain 1 million bitcoins within five years without burdening taxpayers. 1 million Bitcoin in 5 years: The bold plan of the United States to ensure digital dominance Alaska Senator Nick Begich announced on March 11 that he had introduced the BITCOIN Act of 2025 in the House of Representatives, a bill aimed at establishing the United States Strategic Bitcoin Reserve (SBR) to enhance the financial security and economic independence of the United States. Speaking at the Bitcoin for America Summit, Begich emphasized the urgency of adopting bitcoin as a strategic asset to maintain the country's global economic leadership position. He shared on the social media platform X: Today, I introduced the BITCOIN Act of 2025 in the U.S. House of Representatives. The new era of change has ended, and the golden age of digital currency has arrived. The official bill recognizes the role of bitcoin in ensuring long-term financial stability, similar to gold reserves. Legislators declare: "The United States cannot afford to fall behind in this financial revolution. Strategic Bitcoin reserves ensure that the United States remains an economic powerhouse, leveraging digital assets to counter confrontational monetary policies and strengthen our global leadership position." This bill is based on President Donald Trump's executive order, laying the groundwork for the national bitcoin strategy. Begich emphasized the importance of the bill in strengthening that vision: 'President Trump's executive order laid the foundation for a long-term national strategy on Bitcoin, and today, we are granting long-term and sustainable authority to turn that vision into reality'. Detailed announcement: The BITCOIN law directs the purchase of 1 million bitcoins within a five-year period, reflecting the scale and strategic importance of the US gold reserves. Furthermore, the 'Bill ensures that there are no new burdens on taxpayers, using the Federal Reserve's remittance, revaluing gold certificates, and other neutral budget strategies to fund the purchase of Bitcoin. The U.S. Treasury will maintain all holdings of bitcoin in safe cold storage, ensuring maximum security and long-term economic stability. By developing a plan without additional burden on taxpayers, Begich sees the bill as a practical step towards strengthening the country's economic foundation. Senator Cynthia Lummis of Wyoming has introduced a companion bill in the Senate, bolstering efforts to establish bitcoin as a significant financial asset of the United States. Lummis, a long-time advocate for digital assets, declared: "Bitcoin is not only a technological opportunity but also a national imperative for America's continued financial leadership in the 21st century". This bill also protects individual rights by prohibiting federal restrictions on personal bitcoin ownership and the right to self-custody. With a market capitalization of over $1.2 trillion, Begich is urging Congress to take decisive action to ensure the United States leads the global digital economy instead of falling behind.