In March 2025 U.S. lawmakers reintroduced the BITCOIN Act of 2025 in both chambers. On March 11, Senator Cynthia Lummis (R–WY) sponsored S.954 (with 5 Republican cosponsors) and Representative Nick Begich (R–AK) sponsored the identical House version H.R.2032 . The bill’s formal title is “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025” (BITCOIN Act), and it would create an official U.S. Strategic Bitcoin Reserve managed by the Treasury. Key provisions include a Bitcoin Purchase Program to acquire 200,000 BTC per year for five years (1,000,000 total) , and a mandate that all government-held Bitcoin be stored in a secure “cold” network for at least 20 years . In legislative findings the bill explicitly compares Bitcoin to gold: it notes that “just as gold reserves have historically served as a cornerstone of national financial security, Bitcoin represents a digital-age asset capable of enhancing the financial leadership and security of the United States” .
To date the BITCOIN Act remains at introduction stage. S.954 was referred to the Senate Banking Committee on March 11, 2025 and H.R.2032 to the House Financial Services Committee . As of September 2025 neither committee has formally advanced the bill. (Industry reports note that backers are seeking “budget-neutral” funding strategies and coalition-building for a reserve, but no hearings have been scheduled .) Apart from these bills, no other Bitcoin-specific legislation has passed. (For context, Congress did enact the bipartisan “GENIUS Act” stablecoin framework in July 2025 , but Bitcoin-specific proposals await committee action.)
Bitcoin as a Strategic Reserve Asset
The idea of officially treating Bitcoin as a strategic reserve asset has gained traction. In March 2025, President Trump issued an Executive Order establishing a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile . The Order declares that “Bitcoin is often referred to as ‘digital gold’” and notes that its fixed 21 million supply gives a “strategic advantage” to nations creating a bitcoin reserve . It explicitly states: “It is the policy of the United States to establish a Strategic Bitcoin Reserve” (capitalized per the EO). The Reserve is to be funded by seized or forfeited BTC, held as long-term U.S. reserve assets, with a prohibition on selling them. (A Treasury/Commerce review is tasked with identifying “budget-neutral” methods to acquire additional Bitcoin .)
Policy analysts and crypto proponents reinforce this framing. For example, a recent CoinShares analysis emphasizes that fixed-supply, decentralized Bitcoin could complement traditional reserves (gold, FX) as an inflation hedge and crisis buffer . It notes that the U.S. March 2025 reserve action “marks a pivotal moment, sparking a global debate about Bitcoin’s role in national reserves” . Similarly, crypto executives point to Bitcoin’s volatility and adoption trends: supporters argue that adding BTC could diversify and strengthen the dollar’s credibility over time . (No major central bank has formally committed Bitcoin to reserves yet, and skeptics cite volatility and sanctions concerns. But the Trump policy and legislative proposals reflect a growing U.S. interest in the concept.)
Key Point: The Bitcoin Act and related advocacy explicitly propose a 1 million-BTC U.S. reserve. As one industry coalition put it, the focus is on ensuring the “Strategic Bitcoin Reserve is advanced in a budget-neutral way” as part of US reserve planning . President Trump’s Executive Order and Lummis’s bill both treat Bitcoin akin to gold – a “digital-age asset” that can bolster national security and hedge economic uncertainty .
Cynthia Lummis (U.S. Senator, Wyoming)
Senator Cynthia Lummis (R–WY) is a leading Bitcoin advocate in Congress. She sponsored the BITCOIN Act (S.954) and recently reintroduced it in March 2025 . Lummis sits on the Senate Banking Committee (and chairs its Subcommittee on Digital Assets), and she has been working on broader crypto legislation. In summer 2025 she helped shepherd the Senate version of a digital-asset market-structure bill (analogous to the House’s “CLARITY Act”). For example, on September 23, 2025, Lummis publicly highlighted the issue of Bitcoin ATM fraud: she tweeted that she and Sen. Gillibrand hope to address scams targeting seniors at crypto kiosks under the forthcoming market-structure bill . In a published statement Lummis stressed that “Consumer protections are critical to building a strong digital economy”, and that measures like limiting fraud and enforcing standards on crypto ATMs are “an important area of focus” .
Lummis’s recent activities show a dual focus on promoting crypto adoption and ensuring safeguards. She co-hosted roundtable discussions on Washington’s crypto agenda (see below) and has linked the BITCOIN Act to national-security goals. (An industry report notes she frames the proposal as turning Trump’s Bitcoin reserve Order into law .) She has also emphasized bipartisan solutions: for instance, she told Cointelegraph that she hopes the Senate market-structure bill will build on prior bipartisan work to “punish bad actors without limiting innovation” . In short, Lummis continues to champion U.S. crypto leadership by pushing legislation like the BITCOIN Act and stablecoin frameworks, while publicly voicing concerns about consumer protection issues in the crypto ecosystem .
Michael Saylor (MicroStrategy Executive Chairman)
Michael Saylor is one of the most prominent private-sector advocates for Bitcoin. As executive chairman of MicroStrategy, he has led his company to become the world’s largest corporate BTC holder (now ~639,800 BTC, over $47 billion, after adding 850 BTC in late September 2025 ). Saylor has repeatedly urged governments and corporations to adopt Bitcoin. In September 2025 he met with U.S. policymakers to advance the Bitcoin reserve proposal. For example, Saylor joined a Capitol Hill roundtable on September 16, 2025 (hosted by Senator Lummis and Rep. Begich) specifically to push the BITCOIN Act . CoinCentral reports that the bill “aims to position Bitcoin as a strategic reserve asset for the U.S. government” and would acquire one million BTC over five years , echoing Saylor’s advocacy.
Saylor’s statements emphasize Bitcoin’s national value. He has said Bitcoin is “good for the nation” and even argued the U.S. should “own a large part of cyberspace” by holding significant Bitcoin reserves . (He also regularly speaks of Bitcoin’s scarcity and store-of-value role.) At the September roundtable, industry policy director Hailey Miller quoted Saylor’s camp saying there was a broad consensus on the need for a strategic Bitcoin reserve law. The discussions focused on “budget-neutral strategies” (e.g. using tariff revenue or Treasury assets) to fund the 1 million BTC acquisition . Saylor’s involvement and heavy BTC purchases keep public attention on this issue – for example, Cointelegraph noted he attended meetings with Senators Cruz and Blackburn on Sept. 17, 2025 to advance the bill, and reported that he views Bitcoin as akin to gold in strategic importance . In sum, Saylor remains highly influential: through MicroStrategy’s Bitcoin treasury and his lobbying efforts, he is a key driver of the push to make Bitcoin part of U.S. financial policy.
Washington D.C. Events and Hearings
In September 2025 several key crypto policy events took place in Washington, D.C.:
- Sep 16, 2025 (Capitol Hill roundtable): Eighteen crypto industry leaders (including Michael Saylor and Fundstrat’s Tom Lee) met with lawmakers and aides to discuss the Strategic Bitcoin Reserve and the BITCOIN Act . Organized by advocacy groups Digital Chambers and Digital Power Network, the roundtable focused on how to “enable budget-neutral ways to buy Bitcoin” and build a coalition to move the Bitcoin reserve bill forward . Participants reportedly brainstormed ideas like reallocating Treasury gold certificates or tariff surplus to fund the 1 million BTC purchase (as directed by the Trump EO) without taxpayer cost .
- Sep 17, 2025 (Crypto Meeting with Policymakers): On the next day, some of the same crypto executives – along with Senators Ted Cruz and Marsha Blackburn – took part in a Congress-led meeting on the Bitcoin Reserve legislation. Reports note that Saylor emphasized the national benefit of Bitcoin and reiterated the 1 million BTC goal. This gathering was framed as continuing the push to “designate Bitcoin as a national strategic reserve asset, on par with gold” .
- Ongoing Senate Hearings (June–Sept 2025): In mid-2025 the Senate Banking Committee held a series of crypto hearings, reflecting broader attention to digital assets. For example, on June 24, 2025 the Subcommittee on Economic Policy examined “legislative frameworks for digital asset market structure” . On July 9, 2025 the full Banking Committee held a hearing “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets”, with witnesses including the CEOs of Ripple and Chainalysis . Senator Lummis (a committee member) took part, and in September she commented (via social media) on a crypto ATM fraud report, indicating the committee’s drafting of consumer-protection rules into the market-structure bill . These hearings set the stage for the stablecoin/market structure legislation that passed (the GENIUS/CLARITY Acts) in July 2025 .
- Legislative Timeline: Key crypto-policy milestones in 2025 included: the Trump Executive Order on digital assets (Jan 23, 2025) and Strategic Bitcoin Reserve (Mar 6, 2025); Senate Banking hearings in June–July; House passage of the GENIUS Act (July 17, 2025); and the September meetings on the Bitcoin reserve. The BITCOIN Act (S.954/H.R.2032) was introduced on March 11, 2025 but has not yet been voted on. A summary timeline is shown below.
| Date | Event | Details / Source |
| Mar 6, 2025 | Executive Order on Strategic Bitcoin Reserve | President Trump signs order to create U.S. Strategic Bitcoin Reserve (funded by seized BTC) . |
| Mar 11, 2025 | BITCOIN Act introduced in Congress | S.954 (Sen. Lummis) and H.R.2032 (Rep. Begich) referred to banking/fin. svc. committees . |
| Jun 24, 2025 | Senate Crypto Hearing | Senate Banking subcommittee holds hearing on “digital asset market structure” . |
| July 9, 2025 | Senate Crypto Hearing | Full Senate Banking hearing “From Wall Street to Web3” . |
| July 17, 2025 | House passes GENIUS Act (Stablecoins) | Bipartisan stablecoin framework passed House (signed by President July 18) . |
| Sep 16, 2025 | Roundtable with Industry and Lawmakers | Capitol Hill meeting with Michael Saylor, Tom Lee, others; focus on BITCOIN Act and Bitcoin Reserve . |
| Sep 17, 2025 | Bitcoin Reserve Policy Meeting | U.S. Congress hosts session on strategic Bitcoin reserve with Saylor, Sen. Cruz, Sen. Blackburn . |
| Sep 23, 2025 | Crypto ATM Scams News & Lummis Comment | Sen. Lummis highlights consumer fraud at crypto ATMs; underscores need for protections in crypto regulation . |
Each of these events has kept Bitcoin policy in the headlines. Collectively, they show a coordinated push (by lawmakers and industry) to frame Bitcoin as part of U.S. reserve policy. While no final legislation has passed, the combination of the Trump Administration’s orders, Congressional proposals (BITCOIN Act), and high-level industry advocacy (via figures like Lummis and Saylor) has put “Bitcoin as strategic reserve” at the center of recent crypto-policy debate .
Sources: Official government records (bill texts, committee hearings) and reputable media (Cointelegraph, Treasury releases, research reports) as cited above. All dates/events and quotes are drawn from these sources .