What this bill does
AI plain-language summaryThis bill requires the U.S. Treasury to buy one million Bitcoins over five years and store them in a new "Strategic Bitcoin Reserve," which would be a network of secure storage facilities spread across the country. The government would have to hold onto these Bitcoins for at least 20 years, after which some could be sold to help pay down the national debt. To pay for the purchases, the bill would use money from Federal Reserve bank surplus funds and a Treasury fund called the Exchange Stabilization Fund. States could also voluntarily store their own Bitcoin in the reserve in separate accounts, and any Bitcoin the government already owns would be transferred into it.
Introduced
March 11, 2025
Policy Area
Finance and Financial Sector
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