Senator Ramis reintroduces Bitcoin Act and proposes to buy 1 million btc

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Senator Cynthia Ramis announced today that he will reintroduce the Bitcoin Act at a Bitcoin-centric conference hosted by the Bitcoin Policy Institute this morning.

🇺🇸Break: Sen. Cynthia Ramis reintroduces the Bitcoin Act and proposes to buy $1 million in Bitcoin pic.twitter.com/f7tjbhheqa

– Crypto_briefing (@crypto_briefing) March 11, 2025

Ramis shared a short video on the Bitcoin Reserve on Tuesday, saying “a big thing is coming,” she said “for this time.”

Lummis first introduced the bill in July 2024, but was unable to move it forward due to bipartisan support and skepticism about its feasibility. He was effectively “dead” at the end of the 2023-2024 parliamentary session.

Ramis will need to reintroduce the Bitcoin Act in current Congress if she wants to consider it again. Bills that do not pass during Congress sessions must be reintroduced in the next session to remain active.

Last week, President Donald Trump signed an executive order establishing a strategic Bitcoin sanctuary that coincides with some of the Bitcoin Act's goals, but does not include the new government acquisition of Bitcoin. Instead, formalize the policy to manage seized assets.

Trump's executive order is the first step, according to David Bailey, CEO of Bitcoin Inc. The next step is to promote legislation in Congress to solidify the creation of strategic Bitcoin reserves.

“What people lack about SBR is that it's not implemented only through executive action or law. I want both. Executive action clears political lanes and tells Congress that this is a priority,” Bailey said.

“It's time for the Bitcoin Act,” he added.

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