$BTC

#TheBitcoinAct The Bitcoin Act, proposed by Senator Cynthia Lummis, aims to establish a Strategic Bitcoin Reserve by acquiring 1 million Bitcoin over five years. This move could boost Bitcoin's price and reinforce US financial leadership. Here are the latest updates

- *Bill Progress*: The bill has gained traction after President Trump's executive order supporting a federal Bitcoin reserve and is expected to hit the floor soon.

- *Key Provisions*:

- Secure, decentralized storage across the US

- Minimum 20-year holding period for the acquired Bitcoin

- Transparency through proof-of-reserve audits

- *Funding*: The initiative would be funded through Federal Reserve remittances and revaluing gold certificates.

- *Potential Impact*: If passed, the bill could position Bitcoin as a formal reserve asset, potentially driving a price surge and solidifying the US's global financial leadership.

- *Current Bitcoin Price*: As of June 2, 2025, Bitcoin traded at $105,082, with a 0.69% increase in the last 24 hours.

Senator Lummis emphasized the importance of leveraging digital assets to strengthen the nation's financial future while maintaining global leadership. The bill's passage remains uncertain due to legislative hurdles and debates over fiscal impact.