On Tuesday, U.S. Congressman Nick Begich (R-AK) introduced the Bitcoin BTC/USD Act of 2025 in the House, with the goal of financing a newly formed strategic Bitcoin reserve.
What Occurred: The proposed legislation outlines plans to acquire 1 million BTC over a five-year span, maintaining a holding period of 20 years, and aims to utilize Federal Reserve remittances along with other financial strategies—without tapping into taxpayer money.
The proposal has the support of six co-sponsors: Addison McDowell, Pat Harrigan, Michael Ruhle, Troy Nels, Dave Taylor, and Mike Collins. It also gives a nod to Senator Cynthia Lummis (R-Wyo.) for her promotion of Bitcoin and financial innovation.
The bill aligns with President Trump’s executive order regarding digital assets, reinforcing the U.S.’s position in leading financial innovation.
This legislation aims to establish the U.S. as a key player in the evolving digital financial landscape.
To guarantee transparency, the reserve will function under a proof-of-reserve framework, complete with public audits and oversight by the Comptroller General. Individuals will maintain the right to hold and transact Bitcoin freely, with the Act specifically forbidding government limitations on private BTC ownership.
Also Read: Bitcoin Down 17% In 30 Days: How Much Lower Can It Go?
Why It Matters: Begich presents Bitcoin as a financial safeguard and contemporary digital gold, emphasizing its capped supply of 21 million and its superior long-term returns compared to traditional gold investments.
While the U.S. currently possesses over 8,133 metric tons of gold valued at $750 billion, Bitcoin’s performance over the last decade has surpassed every major asset class.
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