Senator Cynthia Lummis reintroduced the BITCOIN Act on March 11, 2025, aiming to establish a strategic Bitcoin reserve to strengthen America's financial position. The legislation builds on Lummis' prior proposal from July 2024, which suggested using Bitcoin to bolster the U.S. dollar and reduce national debt, gaining support from former President Trump at the 2024 Bitcoin Conference. The act proposes a decentralized network of Bitcoin vaults managed by the Treasury, with a plan to acquire about 5% of the total Bitcoin supply, similar to U.S. gold reserves. This move aligns with a January 2025 executive order by President Trump, which seeks to position the U.S. as a leader in digital financial technology and create a national digital assets stockpile. The U.S. government currently holds over 207,000 Bitcoins, primarily from law enforcement seizures, providing a foundation for the proposed reserve.