Bitcoin Act Of 2024. The bitcoin act mandates that the government decrease the permissible amount of the surplus funds of the federal reserve banks by about $4.4 billion, from $6,825,000,000 to $2,400,000,000. By using existing funds and leveraging the financial worth of gold, the bitcoin act intends to obtain bitcoin without straight straining taxpayers or.

Bitcoin act of 2024, introduced by senator lummis received 2,200 support letters, as the bill is referred to the senate banking committee. A bill to establish a strategic bitcoin reserve and other programs to ensure the transparent management of bitcoin holdings of the federal government, to offset costs.