PANews reported on March 12 that according to Cointelegraph, U.S. Senator Cynthia Lummis resubmitted the Bitcoin Act (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025) to the 119th Congress. The bill will allow the U.S. government to hold more than 1 million bitcoins. The bill was originally proposed in July 2024, requiring the U.S. government to purchase 200,000 bitcoins per year for five years, with funds coming from adjustments to existing funds from the Federal Reserve and the Treasury Department. After this revision, the U.S. government can hold additional bitcoins through legal means, including civil or criminal forfeiture, donations, or transfers by federal agencies. In addition, BTC that states voluntarily deposit into strategic bitcoin reserves will be stored in separate accounts.
In addition, the new bill introduces a formal evaluation process for Bitcoin fork assets and airdrop assets. The original bill requires that all fork assets must be deposited in the national Bitcoin reserve for at least five years and cannot be sold or disposed of without legal authorization. The revised bill allows the Secretary of the Treasury to evaluate and retain the most valuable fork assets based on market value after the mandatory holding period ends, while ensuring that the reserve continues to hold "dominant assets."
