US Senator Cynthia Lummis hopes her bill to establish a national Bitcoin reserve could pass in the first 100 days of Donald Trump's second presidential term.
The proposed bill aims to acquire one million bitcoins using funds from the Federal Reserve and Treasury Department.
Bipartisan support has been seen for the bill, with Democratic Representative Ro Khanna expressing his support.
The bill would need to pass through the legislative process before reaching the president's desk for authorization.