Senator Cynthia Lummis wants the United States to stop pretending Bitcoin isn’t a strategic asset and start buying it in the open. Her argument is straightforward: other countries are already quietly stacking sats, and America is falling behind by not doing the same thing, loudly and by law.
The Wyoming Republican has been beating this drum for years now, but her latest push centers on the BITCOIN Act, reintroduced as S.954 on March 11, 2025. The legislation would direct the US Treasury to acquire 1 million Bitcoin over five years, purchasing 200,000 Bitcoin annually, then hold those assets for a minimum of 20 years.
What the BITCOIN Act actually proposes
One million Bitcoin represents roughly 5% of Bitcoin’s total supply. The senator has deliberately modeled the reserve after the US gold reserves, framing digital assets as the next evolution of strategic national holdings. The acquired Bitcoin would be stored in decentralized secure vaults across the country, built to comply with statutory cybersecurity requirements.
Lummis has emphasized that purchases should be conducted openly to limit market fluctuations, a notable contrast to what she describes as other nations accumulating Bitcoin quietly.
