US Congress advances Bitcoin strategic reserve bill

Author: Martin

On September 17, 2025, the U.S. Congress held an important meeting on the future of Bitcoin. Several Republican lawmakers and cryptocurrency industry leaders discussed promoting the BITCOIN Act.The bill plans to allow the U.S. government to purchase 1 million bitcoins as a national strategic reserve over the next five years.

According to Crypto in America, this meeting attracted several Republican lawmakers including Senator Ted Cruz and Marsha Blackburn, as well as important industry representatives such as MicroStrategy founder Michael Saylor.

The BITCOIN Act was reintroduced by Senator Cynthia Lummis in March of this year.It aims to include Bitcoin in the national strategic reserve assets on an equal footing with gold.Lummis is a well-known cryptocurrency advocate on Capitol Hill and has been committed to promoting the compliance process of digital assets.

This legislative action has been supported by the Trump administration. In March of this year, Trump signed an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve",and include approximately 200,000 bitcoins confiscated by the government through judicial procedures and administrative fines into the reserve.

The most striking feature of the bill is its "budget neutral strategy", which means that the government will not purchase Bitcoin by increasing taxes or expanding the deficit.

Lummis suggested that the funds for purchasing Bitcoin be obtained by selling part of the Federal Reserve's gold reserves. She said: "The United States already has financial assets in the form of gold certificates, which can be converted into Bitcoin, so the impact on the US balance sheet is quite neutral."

This plan not only avoids increasing the fiscal burden but also achieves diversification of asset allocation.

Based on the current market price, purchasing 1 million Bitcoins would require approximately US$90 billion.

There has been a lot of progress in the digital asset space, and the current goal is to ensure that the Bitcoin Act and the Strategic Bitcoin Reserve continue to be priorities. ”

All parties at the meeting reached a strong consensus on the necessity of a strategic Bitcoin reserve. The next step will be to promote its inclusion in a broader policy framework. The proposal is a further expansion of President Trump’s previous policy prohibiting the sale of seized Bitcoin.

Although the bill has not yet been scheduled for a hearing, supporters hope it can become an "opportunity for bipartisan cooperation."

Bitcoin prices reacted relatively steadily to the news, and the market seems to be cautiously assessing the possibility of success of this legislation. Regardless of the outcome, the U.S. Congress’s formal discussion of including Bitcoin in the national strategic reserve has become an important milestone in the history of cryptocurrency development.