sibility of Bitcoin or other digital assets held in the 
Strategic Bitcoin Reserve, except in cases of gross 
negligence or willful misconduct by the Secretary or 
officials responsible for the management of the Stra-
tegic Bitcoin Reserve. 
(2) ACKNOWLEDGMENT OF RISK.—Any agree-
ment entered into under subsection (b) shall include 
an explicit acknowledgment by the State that digital 
asset custody carries inherent risks that cannot be 
eliminated completely, and that the State assumes 
all risks associated with the voluntary placement of 
its digital assets in the Strategic Bitcoin Reserve. 
SEC. 9. OFFSETTING THE COST OF THE STRATEGIC 
BITCOIN RESERVE. 
(a) DISCRETIONARY SURPLUS FUNDS OF FEDERAL 
RESERVE BANKS.—Section 7(a)(3)(A) of the Federal Re-
serve Act (12 U.S.C. 289(a)(3)(A)) is amended by striking 
‘‘$6,825,000,000’’and inserting ‘‘$2,400,000,000’’. 
(b) USE OF REMITTANCES TO TREASURY.— 
(1) IN GENERAL.—Notwithstanding the second 
subsection (b) of section 7 of the Federal Reserve 
Act (12 U.S.C. 290), for fiscal years 2025 through 
2029, if the Federal reserve banks remit net earn-
ings to the general fund of the Treasury during that 
period, the first $6,000,000,000 of these remittances 
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(before repayment of any deferred asset) in a fiscal 
year shall be utilized by the Secretary for the imple-
mentation of the Bitcoin Purchase Program, pursu-
ant to the purposes set forth under section 5. 
(2) EXCEPTION.—Paragraph (1) shall not 
apply if the Federal Reserve banks do not remit net 
earnings in any given fiscal year during the period 
of fiscal years 2025 through 2029. 
(c) FEDERAL RESERVE SYSTEM GOLD CERTIFI-
CATES.—Not later than 180 days after the date of enact-
ment of this Act, the Federal reserve banks shall tender 
all outstanding gold certificates in their custody to the 
Secretary. Not later than 90 days after the tender of the 
last such certificate, the Secretary shall issue new gold 
certificates to the Federal reserve banks that reflect the 
fair market value price of the gold held against such cer-
tificates by the Treasury, as of the date specified by the 
Secretary on each new gold certificate. Upon issue by the 
Secretary, each Federal reserve bank that receives a new 
gold certificate shall remit the difference in cash value be-
tween the old and new gold certificates to the Secretary 
for deposit in the general fund within 90 days. 
(d) USE OF GOLD CERTIFICATE REMITTANCES.— 
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(1) IN GENERAL.—Funds remitted to the Sec-
retary under subsection (c) shall be allocated as fol-
lows: 
(A) An amount necessary to fund the 
Bitcoin Purchase Program, as established in 
section 5, shall be reserved for that purpose, up 
to the full amount required to purchase 
1,000,000 Bitcoins under the program. 
(B) Any funds in excess of the amount 
necessary to fully fund the Bitcoin Purchase 
Program shall be deposited in the general fund 
of the Treasury to reduce the public debt. 
(2) PRIORITY
USE.—Funds allocated under 
paragraph (1)(A) shall be used for Bitcoin purchases 
under the Bitcoin Purchase Program before utilizing 
the remittances described in subsection (b) for such 
purchases. 
(3) ANNUAL REPORT.—The Secretary shall in-
clude in the annual report required under section 
5(d) an accounting of all funds received under sub-
section (c) and their allocation pursuant to this sub-
section. 
(e) CONFORMING AMENDMENT.—Section 5117(b) of 
title 31, United States Code, is amended by striking ‘‘(for 
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the purpose of issuing those certificates, of 42 and two- 
ninths dollars a fine troy ounce)’’. 
SEC. 10. PROTECTION OF PRIVATE PROPERTY RIGHTS. 
(a) RULES OF CONSTRUCTION.—Nothing in this Act 
shall be construed to— 
(1) authorize the Federal Government to seize, 
confiscate, or otherwise impair any property right in 
the lawfully acquired Bitcoin holdings of any person; 
or 
(2) infringe upon the rights of individuals, busi-
nesses, or organizations to purchase, hold, transfer, 
or dispose of Bitcoin in accordance with the law. 
(b) AFFIRMATION OF RIGHTS.—This Act affirms and 
protects the rights of persons to maintain full lawful con-
trol over the Bitcoin and other digital assets of those indi-
viduals, recognizing that the ability to maintain self-cus-
tody of private keys is fundamental to the principles of 
financial sovereignty, privacy, and personal liberty in the 
digital age. 
SEC. 11. MODIFICATION OF EXCHANGE STABILIZATION 
FUND. 
(a) IN GENERAL.—Section 5302 of title 31, United 
States Code, is amended— 
(1) in subsection (a)(1), by inserting after ‘‘sec-
tion 3 of the Special Drawing Rights Act (22 U.S.C. 
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286o),’’ the following: ‘‘section 5 of the BITCOIN 
Act of 2025,’’; and 
(2) in subsection (b), in the first sentence, by 
striking ‘‘gold, foreign exchange, and other instru-
ments of credit and securities’’ and inserting ‘‘gold, 
Bitcoin, foreign exchange, and other instruments of 
credit and securities’’. 
(b) TRANSPARENCY AND ACCOUNTABILITY.—Section 
5302(c) of title 31, United States Code, is amended— 
(1) in paragraph (1), by inserting after ‘‘all 
projected liabilities’’ the following: ‘‘, including a de-
tailed accounting of any Bitcoin transactions and 
holdings’’; and 
(2) in paragraph (2), by inserting after ‘‘on the 
operation of the fund’’ the following: ‘‘, including a 
specific accounting of any Bitcoin purchased, sold, 
or held by the fund during the preceding year’’. 
Æ 
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