US Senator Bernie Moreno Calls for Bitcoin Reserve Bill to Pass In August

According to Ohio Senator Bernie Moreno, the US Bitcoin Strategic Reserve bill could pass in the United States as early as August.

Moreno made the call at the 8th annual Digital Chamber Blockchain Summit on March 26, urging the US to hastily pass the proposal. He insisted that Bitcoin and digital assets would be a crucial ingredient in the country’s financial dominance around the world and urged lawmakers to implement the reserve bill.

Notably, a BITCOIN Act looking to adopt a Bitcoin Strategic Reserve (BSR) has gained momentum lately amid bipartisan support for the national adoption of the pioneering cryptocurrency. The proposal seeks for the United States to create a national stockpile of 1 million BTC over five years.

Senator Calls for August Establishment

For context, US Rep Nick Begich and Senator Cynthia Lummis introduced the Bitcoin Act of 2025, which requires Congress approval to pass. The proposal builds on US President Donald Trump’s recent executive order creating a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.

With the bill gaining momentum, Ohio Senator Moreno has called on Congress to push for the bill’s approval in August. On Wednesday, he laid out a gauntlet at the Washington, DC, summit, urging the Senate to move on propositions around market structure, the SBR, and stablecoins in the next five months.

Meanwhile, Moreno reiterated his optimism that the bill would pass in a follow-up tweet, stating that the United States will be the world standard for cryptocurrencies under current US President Trump.

Under President Trump’s leadership America will be the world standard for digital assets! https://t.co/yNBtSQBbXP

— Bernie Moreno (@berniemoreno) March 26, 2025

Will the United States Buy Bitcoin This Year?

While the bill has gained bipartisan support and Trump’s blessing, the chances that the US would buy Bitcoin this year have grown increasingly slim. Notably, there are no guarantees that the bill will pass that quickly, and the nation has failed to pursue other mechanisms to stack the pioneering cryptocurrency.

According to a Bloomberg legal analyst, these chances are just 30%. This pessimistic view comes from Trump’s lack of proactive measures in his latest reserve announcement. The legal analyst noted that if the president wanted to buy Bitcoin, he would have done so already through means like the Exchange Stabilization Fund.

Meanwhile, VanEck’s head of crypto research, Mathew Sigel, raised the odds to between 50% and 60%. Nonetheless, reports show substantial progress in funding the US Bitcoin purchase through “countless ideas.”