Timeline of Events
User "crazy_rabbit" posts on BitcoinTalk forum suggesting the US government should start a Strategic Bitcoin Reserve with seized coins from the Silk Road.
Pierre Rochard publishes an article titled "Urgent Bitcoin Legislation," proposing to halt the auctioning of seized bitcoin and suggesting that a large strategic reserve of bitcoin may be crucial for national security.
David Bailey suggests that former President Trump should advocate for a significant national investment in Bitcoin, akin to historical land acquisitions like the Louisiana Purchase. The plan involves establishing a strategic Bitcoin reserve for America, with funds time-locked for 100 years to ensure long-term preservation.
Senator Lummis announces the Strategic Bitcoin Reserve proposal at Bitcoin 2024 conference.
Senator Lummis officially introduces the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate.
Bill read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
President Donald J. Trump signed an Executive Order to establish a Strategic Bitcoin Reserve to be capitalized with bitcoin owned by the Department of Treasury that was forfeited as part of criminal or civil asset forfeiture proceedings. Other agencies will evaluate their legal authority to transfer any bitcoin owned by those agencies to the Strategic Bitcoin Reserve. The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers.
March 11, 2025
U.S. Congressman Nick Begich announces he will be introducing the BITCOIN ACT of 2025 to the House with 6 Co-sponsors
Not Yet Proposed
Vote in Senate
Proposed
Vote in House