#TheBitcoinAct
The BITCOIN Act aims to integrate digital assets into US financial strategy, requiring the Treasury Department to manage the acquisition and secure storage of Bitcoin. Lummis positioned the bill as a forward-looking measure for economic stability and innovation. She said in a statement.
The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve.
This initiative, passed with a 9–0 vote on February 27, 2025, empowers the Texas Comptroller to manage investments in bitcoin and other digital assets, aiming to enhance the state's financial resilience.