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U.S. Senator Lummis' new Bitcoin bill requires a stricter purchase plan and uses gold revaluation proceeds to purchase Bitcoin

2025-03-13 03:35

Odaily News According to Bitcoin Laws, U.S. Senator Cynthia Lummis has resubmitted the Bitcoin bill to the Senate after the previous 2024 version was shelved in the committee. The new version, like the previous one, proposes to purchase 1 million Bitcoins within 5 years, but there are several key differences.
The 2025 Bitcoin Act sets a stricter plan to purchase 200,000 Bitcoins per year (rather than the “up to” 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the previous version’s exception for repaying federal debt instruments.
The bill adds a provision to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury with about $39 billion in assets, and the executive branch's bitcoin purchases may tap the fund.
In terms of gold revaluation, the new version explicitly stipulates that the proceeds from the revaluation of Federal Reserve gold should be used to purchase Bitcoin, while the 2024 version only incorporates these funds into the general fund, which is a major change.