Wyoming Sen. Lummis’ Federal BitCoin Act Will Be Re-Introduced To The Senate

After a failure earlier this month in the Wyoming legislature to pass a bill allowing for the use of state funds for investment into Bitcoin, the federal “BitCoin Act” sponsored by Senator Lummus will find its way back to the Senate.

Summary of the 2025 BITCOIN Act & Support

1. Senator Cynthia Lummis reintroduced the BITCOIN Act in 2025, aiming to establish a Strategic Bitcoin Reserve, building on a 2024 version stalled in committee.
2. The 2025 version mandates purchasing 200,000 Bitcoins annually for five years, totaling 1 million Bitcoin, a shift from the 2024 version’s flexible “up to” 200,000 per year.
3. A key change tightens the holding period, requiring the U.S. to retain all acquired Bitcoins for at least 20 years without exceptions, unlike the 2024 version that allowed sales to retire federal debt.
4. The new bill coordinates Bitcoin purchases with the Exchange Stabilization Fund, a $39 billion Treasury reserve, a feature absent in the 2024 legislation.
5. It explicitly directs proceeds from revaluing Federal Reserve gold certificates toward funding Bitcoin acquisitions, a more targeted approach than the 2024 version’s general fund allocation.
6. President Trump’s March 2025 executive order establishing a Strategic Bitcoin Reserve aligns with the BITCOIN Act, signaling a broader U.S. push to position Bitcoin as a strategic asset.
7. Deutsche Bank’s recent comparison of Bitcoin to gold, reported in March 2025, underscores growing institutional support, potentially influencing the Act’s momentum.
8. The U.S. government currently holds about 200,000 Bitcoins from past seizures, valued at roughly $18.5 billion, which could form the reserve’s initial base.
9. Michael Saylor, a prominent Bitcoin advocate, praised the reserve in March 2025 as a strategy for U.S. digital supremacy, reflecting industry enthusiasm.
10. The Act maintains features from 2024, like quarterly proof of reserves, voluntary state participation, and funding via Federal Reserve earnings, ensuring continuity.
11. Congressional support, including from Rep. Nick Begich, highlights bipartisan interest in Bitcoin as a tool for economic sovereignty, following its introduction at the Bitcoin for America Summit in March 2025.
12. Potential conflicts of interest loom, as some Trump administration officials hold personal Bitcoin assets, raising questions about impartiality in policy decisions.

The bill is expected to see the Senate floor sometime in the early Fall of 2025. We will keep you updated on all details and hopefully have some comments from Sen. Lummis soon.

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