Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

Q: How long will it take to read this news story?

The story "Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin" has 533 words across 15 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.

Q: How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 1063 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26917793</li><li>URL: https://beamstart.com/news/senator-lummis-new-bitcoin-act-17417760978480</li></ul>

Coin Telegraph 1d ago

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin - Coin Telegraph

Quick Summary:

The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department. However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.

US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.

Proud to re-introduce the BITCOIN Act.