Legislative Progress Tracker
Introduced
July 31, 2024
Passed Senate
Pending
Passed House
Pending
To President
Pending
Became Law
Pending
About the BITCOIN Act
The BITCOIN Act (Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide Act) was introduced by Senator Cynthia Lummis on July 31, 2024. The legislation proposes purchasing 1 million Bitcoin over time, representing approximately 5% of Bitcoin's total supply, to be held for at least 20 years and potentially used to reduce national debt.
Current Status
Senate: Bill S.4912 introduced and referred to the Committee on Banking, Housing, and Urban Affairs. Senate vote not yet scheduled.
House: On March 11, 2025, Congressman Nick Begich announced plans to introduce the BITCOIN Act of 2025 with 6 co-sponsors.