U.S. Senator Lummis' new Bitcoin bill requires a stricter purchase plan and uses gold revaluation proceeds to buy Bitcoin

Odaily Planet Daily News According to Bitcoin Laws, U.S. Senator Cynthia Lummis has resubmitted the Bitcoin Act to the Senate, and the previous 2024 version was shelved in the committee. The new version, like the previous version, proposes to purchase 1 million bitcoins within 5 years, but there are several key differences. The 2025 version of the Bitcoin Act sets a stricter plan to purchase 200,000 bitcoins per year (rather than "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause for repayment of federal debt instruments in the previous version. The bill adds a provision to coordinate Bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury with approximately $39 billion in assets, and the executive branch's Bitcoin acquisition may use the fund. In terms of gold revaluation, the new version explicitly stipulates that the proceeds from the revaluation of federal reserve gold should be used to purchase Bitcoin, while the 2024 version only includes these funds in the general fund, which is a major change.