US Lawmakers Execs Back BITCOIN Act to Create 1M BTC Reserve
US lawmakers and digital asset executives have rallied behind the BITCOIN Act to establish a strategic Bitcoin Reserve, aiming to purchase up to 1 million BTC over five years using budget-neutral strategies such as revaluing gold certificates and Federal Reserve earnings. Key sponsors include Senators Cynthia Lummis and Ted Cruz, Representative Nick Begich, and industry leaders Michael Saylor and Brian Armstrong.
Participants at a Digital Chambers roundtable in Washington, D.C. urged Congress to codify a Trump-era executive order banning the sale of seized coins. Treasury Secretary Scott Bessent confirmed the U.S. already holds $15–$20 billion in seized Bitcoin. Advocates say the new Bitcoin Reserve will bolster national reserves, hedge systemic risks, drive market demand for Bitcoin, accelerate adoption, and strengthen the dollar’s global position.
Bullish
Government plans to acquire up to 1 million BTC over five years signal substantial new demand for Bitcoin, supporting prices in both the short and long term. In the near term, positive policy news and bipartisan backing boost trader sentiment and may trigger speculative buying. Over time, adding a strategic Bitcoin Reserve enhances institutional legitimacy, reduces available supply, and strengthens market confidence, driving sustained upward pressure on BTC.