Trump camp's major move! The United States is considering the "buy 1 million bitcoins" bill at no cost to taxpayers

After US President Trump signed an executive order to establish a strategic reserve of Bitcoin, the "Buy 1 million Bitcoins" bill proposed by Republican senators has entered formal deliberation in Congress, and the action does not require US taxpayers to pay for it.

Nick Begich, a Republican congressman from Alaska, announced that he has introduced the Bitcoin Act of 2025 in the House of Representatives, which aims to establish a US Strategic Bitcoin Reserve (SBR) to strengthen the financial security and economic independence of the United States.

Begich emphasized the urgency of adopting Bitcoin as a strategic asset to maintain the United States' global economic leadership. He shared on Twitter: "Today I introduced the Bitcoin Act of 2025 in the US House of Representatives. The war on innovation is over and the golden age of digital currency has arrived."

The bill formally recognizes the role of Bitcoin in ensuring long-term financial stability, similar to gold reserves. The congressman said: "The United States cannot fall behind in this financial revolution. The strategic Bitcoin reserve ensures that the United States remains an economic powerhouse, using digital assets to fight adversarial monetary policies and consolidate our global leadership."

The bill builds on President Donald Trump's executive order and lays the foundation for the national Bitcoin strategy. Begich stressed the importance of the bill in solidifying this vision: "Trump's executive order laid the foundation for a long-term national strategy for Bitcoin, and today we are providing lasting and permanent authority to make that vision a reality."

Announcement details: "The Bitcoin Act requires the acquisition of 1 million Bitcoins over a five-year period to reflect the size and strategic importance of the United States' gold reserves."

In addition, "The bill ensures that there will be no additional burden on taxpayers, using Federal Reserve remittances, gold certificate revaluations, and other budget-neutral strategies to fund Bitcoin acquisitions. The U.S. Treasury will hold all Bitcoin assets in secure cold storage, ensuring maximum security and long-term economic stability."

By structuring the program without additional burden on taxpayers, Begich sees the bill as a pragmatic step to strengthen the country's economic foundation.

A companion bill introduced in the Senate by Republican Senator Cynthia Lummis of Wyoming strengthens the effort to establish Bitcoin as a primary financial asset in the United States.

Loomis, a long-time advocate of digital assets, said: "Bitcoin is not just a technological opportunity, it is also a national imperative for the United States to continue to maintain financial leadership in the 21st century."

The bill also protects individual rights by prohibiting federal restrictions on private Bitcoin ownership and self-custody. With Bitcoin's market value exceeding $1.2 trillion, Begich urged Congress to take decisive action to ensure that the United States leads the global digital economy, rather than falling behind.