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US Senator proposes law for Treasury to buy 1M Bitcoin openly over 5 years as a strategic asset.

Market News
10 Jun 2026
Crypto Briefing
View Source
Bullish
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Senator Cynthia Lummis has reintroduced the BITCOIN Act, which would require the US Treasury to purchase 1 million Bitcoin over five years and hold them for at least 20 years. This move aims to position Bitcoin as a strategic national asset, similar to gold reserves, and counters other countries quietly accumulating Bitcoin. The legislation seeks transparency in purchases to avoid market disruption and codify recent executive actions on Bitcoin reserves. If passed, the US would become a major Bitcoin holder, impacting global markets and raising questions about centralization in the crypto space.

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