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US HB2032

Bill

Status

Introduced

3/11/2025

Primary Sponsor

Nicholas Begich

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Origin

House of Representatives

119th Congress

AI Summary

  • Establishes a Strategic Bitcoin Reserve consisting of geographically dispersed secure cold storage facilities across the United States, managed by the Secretary of the Treasury with mandatory 20-year minimum holding periods for all acquired Bitcoin

  • Creates a Bitcoin Purchase Program to acquire 200,000 Bitcoin annually over 5 years, totaling 1,000,000 Bitcoin, with purchases conducted transparently to minimize market disruption

  • Requires all federal agencies, including the U.S. Marshals Service, to transfer Bitcoin obtained through forfeitures, seizures, or other means to the Strategic Bitcoin Reserve rather than selling or auctioning it

  • Funds acquisitions by reducing Federal Reserve bank discretionary surplus funds from $6.825 billion to $2.4 billion, directing $6 billion in Federal Reserve remittances (FY2025-2029), and revaluing Treasury gold certificates to fair market value with proceeds going to the program

  • Mandates quarterly public cryptographic attestation reports proving reserve holdings, allows voluntary state participation through segregated accounts, and adds Bitcoin to the Exchange Stabilization Fund's authorized holdings

Legislative Description

BITCOIN Act of 2025 Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025

Finance and financial sector

Last Action

Referred to the House Committee on Financial Services.

3/11/2025

Committee Referrals

Financial Services3/11/2025

Full Bill Text

No bill text available