The recently reinstated Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, introduced by Senator Cynthia Lummis, could enable the United States to potentially possess over 1 million Bitcoin (BTC) in its cryptocurrency reserves.
The legislation mandates the government to acquire 200,000 BTC annually for five years, funded by existing resources within the Federal Reserve and the Treasury Department.
If approved, the act would permit the US to hold more than 1 million BTC provided the assets are obtained through legal avenues other than direct purchases, such as criminal or civil forfeitures, donations, or transfers from federal bodies.
Democratic representative urges Treasury to halt Trump’s Bitcoin reserve initiatives
US Representative Gerald Connolly, a Democrat from Michigan, has urged the Treasury to abandon its plans for establishing a cryptocurrency reserve in the United States. The legislator indicated that there are conflicts of interest concerning US President Donald Trump and contended that the reserve would not be advantageous for Americans.
Connolly expressed his concerns regarding the reserve in a letter directed to Treasury Secretary Scott Bessent, arguing that there’s no “clear advantage” for Americans and that the action would merely enrich Trump and his financiers.
Argentine attorney requests Interpol red alert for LIBRA founder: Report
Argentine attorney Gregorio Dalbon is pursuing an Interpol Red Notice for Hayden Davis, the co-founder of the LIBRA token, linked to a political controversy in Argentina.
Dalbon has filed a request for the Red Notice with prosecutor Eduardo Taiano and judge María Servini, who are probing President Javier Milei’s connection to the memecoin initiative.
Within the application, the attorney noted a procedural risk should Davis remain at large. The lawyer asserted that Davis might have access to resources that could facilitate his evasion or escape to the US.
America must endorse pro-stablecoin legislation, reject CBDCs – US Rep. Emmer
During a House Financial Services Committee session, US Representative Tom Emmer stated that central bank digital currencies (CBDCs) pose a threat to American ideals. The legislator urged Congress to approve his CBDC Anti-Surveillance State Act to prevent future administrations from implementing a CBDC without congressional consent.
Emmer remarked at the session that CBDC technology is “inherently un-American,” adding that permitting unelected officials to issue a CBDC could “disrupt the American way of life.”
Texas representative aims to limit state’s proposed BTC investments to $250 million
Ron Reynolds, a Democratic state representative in Texas, has introduced a limit on the state’s expenditures in Bitcoin or other cryptocurrencies.
The legislator proposed in a bill that the state’s comptroller should not be permitted to invest more than $250 million in cryptocurrencies. The bill also instructs Texas municipalities and counties not to allocate over $10 million in crypto investments.
The proposed legislation follows the Texas Senate’s authorization of measures to create a strategic Bitcoin reserve within the state.
