Victoria D ‘E is
Post: March 14, 2025 11:21 AM Update: March 14, 2025 11:22 am
Edit and fact confirmation: March 14, 2025 11:21 am
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Cynthia Lummis Senator Bitcoin Act Senator aims to acquire a million BTC and integrate it into national reserves for financial security to make the United States the largest bitcoin holder.
Senator Cynthia Lummis reintroduced Bitcoin Act, an important bill for the US government to buy and store more than a million Bitcoin in strategic reserves. Originally proposed in July, the action was revised and re -introduced in March 2025 as a number of additional provisions. The Bitcoin Act, which has been strongly supported by many Republicans, is a key stage in integrating Bitcoin into the state’s financial and strategic structure.
Bitcoin structure
The main goal of the Bitcoin Act is to instruct the US government to purchase Bitcoin in a five -year controlled and systematic way. This bill must be purchased 200,000 Bitcoin for a total of 1 million bitcoins every year at the end of the five -year period. This acquisition will raise funds by diversifying existing assets within the Federal Reserve Bank and the Treasury through the additional government budget.
But the new Bitcoin method is more than just mandatory to buy Bitcoin. The latest version of the law allows the US government to stand beyond a million Bitcoin goals. This can be imagined through civil and crime confiscation, gifts to the US government, and mechanisms other than direct acquisitions, including the transfer of federal agencies. Adding these various methods of collecting Bitcoin, the government can potentially acquire more than 1 million BTCs if they comply with legal regulations.
Strategic reserves and the role of Bitcoin
Bitcoin Act should be held by Bitcoin obtained through these means as a separate account supervised by the federal government. In individual United States, this strategic protection area can be freely held in Bitcoin. Reserve troops will be used mainly to strengthen their national financial systems, but they show a more innovative approach to using digital assets to solve long financial problems, including national debt.
The goal of the Senator Lummis is to serve as a hedge to volatility of the currency and establish a national Bitcoin protection zone that contributes to the long -term financial stability of the country. Inference on this project is clear. In the global economy, which is increasingly dominated by digital currency, strategic Bitcoin protection zones can solve the increase in debt as the United States maintains its competitive advantage.
The new Bitcoin method has gained political towing, and numerous Republicans have joined the course pon. This includes Senator JIM Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno. The support of these various politicians shows that the recognition of the ability to change Bitcoin’s financial environment is increased.
Senator West Virginia mentioned the support of the bill, referring to the potential to strengthen US leadership in the field of financial innovation. Judge Thomas said in a statement: “This bill represents the US’s continuous leadership in the field of financial innovation, strengthens our economic security, and provides opportunities to trigger our rapid national debt. His remarks reflect the extensive belief that Bitcoin and other digital assets can play an important role in solving the most serious financial difficulties of the US government.
Bitcoin’s strategic importance in US economic policy
The US government’s interest in holding many such bitcoins comes from the potential as a repository of value. Historically, Bitcoin was considered a substitute for existing wealth, such as gold. Distributed personality and limited supply make a tempting choice for the government to diversify its reserves while alleviating the risk of inflation and currency evaluation.
The Bitcoin Act represents the US government’s future -oriented strategy to adapt to the rapidly evolving global financial environment. The government is in a position that can be obtained from the continuous expansion of the cryptocurrency market by acquiring a large amount of bitcoin. Bitcoin has the potential to provide strategic advantages in international stadiums as digital currencies are more widespread and institutional use increases.
New provisions for folk and air -driven assets
The proposed version of the Bitcoin Act solves important issues in Crypto: fork and air drop asset management. Initially, the bill had to place all fork assets (a new cryptocurrency created as a result of Bitcoin’s hard split) in a strategic protection zone. Such assets cannot be sold or discarded for five years unless specifically approved by the law. However, the proposed law takes a more sophisticated approach.
After the mandatory holding time, the Minister of Finance is expected to evaluate the market value of forklifts and maintain the most valuable assets based on the market cap. This provision prevents the US government from accumulating assets with little value or promise. It is also necessary to maintain “dominant assets”. In other words, even if other fork assets or air drops are considered, Bitcoin will remain a focus of preliminary.
Bitcoin has already experienced several hard forks, and the most notable is Bitcoin cash and Bitcoin gold. This fork originally divides the Bitcoin blockchain into another network to create a new coin. While some investors value assets valuable, the new Bitcoin Act provisions guarantee that only the most valuable assets have the most valuable assets.
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About the author
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.
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Victoria D ‘E is
Victoria is a writer about various technical topics, including Web3.0, AI and Cryptocurrencies. Through her extensive experience, she can write insightful articles for more audience.