Senator Lummis resubmits Bitcoin bill allowing US to reserve over 1 million bitcoins

According to Cointelegraph, US Senator Cynthia Lummis has resubmitted the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025 in the 119th Congress, which would allow the US government to hold over one million bitcoins. The bill was originally proposed in July 2024, requiring the US government to purchase 200000 bitcoins annually for five years, funded by adjustments to existing funds from the Federal Reserve and the Treasury Department. After this revision, the US government may hold additional Bitcoin through legal means, including civil or criminal confiscation, donation, or transfer by federal agencies. In addition, BTC voluntarily deposited into strategic Bitcoin reserves by states will be held in separate accounts. In addition, the new bill introduces a formal evaluation process for Bitcoin fork assets and airdrop assets. The original bill required that all forked assets must be deposited into the national Bitcoin reserve for at least five years and cannot be sold or disposed of without legal authorization. The revised bill allows the Minister of Finance to evaluate and retain the most valuable forked assets based on market value after the mandatory holding period ends, while ensuring that reserves continue to hold the "dominant assets".