119th Congress Finance and Financial Sector
H.R. 2032: BITCOIN Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill provides for the acquisition and storage of the cryptocurrency Bitcoin by the U.S. government.
The Department of the Treasury must purchase one million Bitcoins over a five-year period and hold the Bitcoins in trust for the United States. The bill also allows for additional acquisitions through specified transfers, forfeitures, and gifts. All Bitcoins acquired by the United States and placed into the Strategic Bitcoin Reserve must be held for at least 20 years. At the end of this period and upon the recommendation of Treasury, a percentage of the holdings may be sold to reduce the national debt. The bill also establishes exceptions to this holding period for specified Bitcoin asset distributions and splits.
The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve. States may voluntarily store Bitcoin holdings in the reserve in segregated accounts.
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The bill also reduces the total amount of U.S. dollars Federal Reserve banks may hold in surplus and requires Federal Reserve banks to remit a certain amount of net earnings annually to the purchase of Bitcoins.
The bill also allows the use of Treasury’s Exchange Stabilization Fund to carry out purchases made under this bill.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Mike Collins R-GAOriginal
- Pat Harrigan R-NCOriginal
- Addison McDowell R-NCOriginal
- Troy Nehls R-TXOriginal
- Michael Rulli R-OHOriginal
- David Taylor R-OHOriginal
- Robert Onder R-MO
- Kimberlyn King-Hinds R-MP
- Earl Carter R-GA
Who scored on this bill
No member has earned points from it yet.
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History
- Introduced in the House by Nicholas Begich.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.