Senator Cynthia Lummis is renewing her push for the USA to construct a strategic bitcoin reserve, warning that different nations are already accumulating whereas America sits idle.
On June 10, Lummis posted on X:
“Different nations are accumulating Bitcoin quietly. We needs to be doing it loudly, on the file, by legislation.”
What the BITCOIN act proposes
Her laws, the BITCOIN Act (S.954), was reintroduced on March 11, 2025 and would direct the US Treasury to buy 1 million bitcoin over 5 years at a price of 200,000 BTC yearly.
That quantity represents roughly 5% of bitcoin’s complete provide.
The acquired bitcoin could be held for no less than 20 years in decentralized safe vaults throughout the nation.
Lummis has in contrast the initiative to the Louisiana Buy of 1803, calling it a generational alternative for the nation’s stability sheet.
Political momentum and government motion
President Trump beforehand signed an government order making a Strategic Bitcoin Reserve funded by forfeited bitcoin, directing that seized property be preserved slightly than auctioned.
Lummis’s invoice would codify that order into legislation, making it more durable for future administrations to reverse.
The US authorities already holds a big quantity of bitcoin from seizures.
In January 2026, Lummis raised considerations about Division of Justice liquidations of these holdings, arguing the federal government was squandering strategic property.
Market implications
A set buying schedule of 200,000 BTC per yr from a single sovereign purchaser would introduce monumental demand stress.
Whereas nations like El Salvador have already adopted bitcoin on the nationwide stage, the US doing the identical carries essentially completely different weight in international markets.
The 20-year obligatory holding interval would lock the federal government into its place by way of a number of market cycles, successfully eradicating 5% of provide from circulation for many years.