- Congressman Nick Begich reintroduces strategic Bitcoin reserve bills to buy one million BTC
- He says it is fiscally responsible legislation and not subject to political and economic manipulation
Senator Cynthia Lummis and Congressman Nick Begich reintroduced a strategic Bitcoin reserve bill to buy one million BTC, saying it is fiscally responsible legislation because it is not subject to political and economic manipulation. It will not use taxpayers’ money, and they already have sponsors for that initiative.
More About Reintroduce Strategic Bitcoin Reserve Bill
Senator Cynthia Lummis, who is now also Chair of the Senate Banking Subcommittee on Digital Assets, started fighting for strategic Bitcoin reserve long before Donald Trump and his initiatives. Now Congressman Nick Begich joined efforts, and they reintroduced a strategic Bitcoin reserve bill to buy one million BTC at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC.
Congressman Nick Begich said:
“Today, I will be introducing the Bitcoin Act of 2025 in the United States House. This is a bold and forward looking legislative initiative designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”
This is largely in response to what funds to replenish the reserves with, namely they have clarified that their vision aligns with Trump and the Bitcoin reserve initiative will not use taxpayer money to buy additional BTC. Nick Begich outlined as one option that the government will unlock more funds by revaluing gold certificates to buy Bitcoins.
In addition, Cynthia Lummis said:
“So far cosponsors are [Tommy] Tubberville, [Marsha] Blackburn, [Roger] Marshall, [Bernie] Moreno, and [Jim] Justice. We have a couple more feelers out for original cosponsors today but, the House as well through Nick Begich, has six original consponsors.”
Nick Begich also pointed out that the Bitcoin Act to buy 1 million BTC is fiscally responsible legislation, and gave several arguments for this, such as the fact that Bitcoin is free from censorship and immune to geopolitical manipulation. Bitcoin law does not violate the private ownership of Bitcoin, and Bitcoin itself protects the rights of individuals and businesses to freely own, possess, and conduct Bitcoin transactions.
Conclusion
While Donald Trump’s initiatives regarding the Bitcoin reserve have not started a bullish trend, and we have recently seen a record drop on the contrary – the Bitcoin strategic importance apparently retains its own separate value for lawmakers.
Along with other key cryptocurrencies like Ethereum and its competitors like SOL, ADA, and XRP are beginning to take on a larger role in the U.S. economic system, and so far this has not met with any fundamental obstacles.
Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.
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