Bitcoin Reserve Bill Gains Urgency As US Senator Calls For August Vote

Senator Bernie Moreno wants the United States to start buying Bitcoin. He thinks the country needs a big pile of it, like a reserve. He spoke at a gathering on March 26, the Digital Chamber Blockchain Summit. He said the US should get 1 million BTC over five years. That’s a lot of crypto. He wants lawmakers to pass a bill about this by August.

The Bitcoin Stockpile Idea

The senator’s idea is simple: the US government should buy Bitcoin and keep it safe. He believes this is important for the country to stay strong in money matters. He sees the crypto asset and other digital money as a big deal.

The bill he wants passed would set up this national Bitcoin reserve. It’s about having a backup, like how countries keep gold. The goal is to collect 1 million Bitcoin in five years.

Under President Trump’s leadership America will be the world standard for digital assets! https://t.co/yNBtSQBbXP

— Bernie Moreno (@berniemoreno) March 26, 2025

Chances Of The Bill Passing

Not everyone is sure this will happen. Some people who know currency laws think it’s a long shot. One person who studies laws, a legal analyst from Bloomberg, said there’s only a 30% chance the US will buy Bitcoin this year.

Others are more optimistic. Mathew Sigel, who analyzes crypto for VanEck, put the chances between 50% and 60%. He thinks it could go either way, as there’s support from people in both political parties, but that doesn’t always mean a bill will pass. It’s a wait and see situation.

For perspective, US Rep. Nick Begich and Sen. Cynthia Lummis recently introduced the Bitcoin Act of 2025, which needs to be approved by Congress to pass. The legislation is based on US President Donald Trump’s new executive order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.

Why does this matter? Senator Moreno thinks Bitcoin is the future. He sees it as a way for the US to keep its place as a global leader in money. If the US buys a lot of Bitcoin, it could change how other countries see it. It could also change how people view currency in general. Cryptocurrency is becoming more common, and some think governments need to pay attention. The decision to buy or not buy Bitcoin has far reaching implications.

Lawmakers will now consider the proposal. They will talk about it and decide if it makes sense. The August deadline is coming up and those who are abreast with money and the laws that cover it will keep an eye on what happens.

The outcome will affect how the US deals with digital money. It will also show if the country is ready to embrace new kinds of currency, like Bitcoin. The whole world is watching to see what the US does next.

Featured image from Gemini Imagen, chart from TradingView