Posted on March 21, 2025
Crypto Crossroads: House Bills Shaping Bitcoin’s Future in 2025
Here’s an overview of U.S. House bills related to Bitcoin and cryptocurrency that have been approved, as well as upcoming bills with relevant dates, based on available information up to March 21, 2025. Note that legislative processes are dynamic, and the status of bills can change, so this reflects the most current snapshot.Approved House Bills Related to Bitcoin or Cryptocurrency
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Financial Innovation and Technology for the 21st Century Act (FIT21) (H.R. 4763)
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Purpose: Establishes a regulatory framework for digital assets, clarifying the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It classifies most cryptocurrencies as commodities under CFTC oversight, aiming to provide regulatory clarity and support industry growth.
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Date Approved by House: May 22, 2024
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Vote: Passed with bipartisan support, 279-136 (71 Democrats and 208 Republicans in favor).
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Status: Moved to the Senate for consideration, but no Senate vote has been scheduled as of March 21, 2025. The Biden administration opposed it but did not explicitly threaten a veto.
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H.J.Res. 109 – Disapproving SEC Staff Accounting Bulletin (SAB) 121
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Purpose: Overturns an SEC rule requiring firms to report crypto holdings as liabilities, seen as restrictive to the industry. This was the first standalone crypto bill to pass the House.
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Date Approved by House: May 16, 2024 (passed as part of broader proceedings, with a vote of 228-182, including 21 Democrats in favor).
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Status: Sent to the Senate on May 17, 2024, but no vote has occurred. President Biden indicated he would veto it if it reached his desk.
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H.J.Res. 25 – Disapproving IRS “DeFi Broker Rule”
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Purpose: Repeals a late Biden administration Treasury rule expanding reporting requirements for decentralized finance (DeFi) transactions, criticized for burdening the crypto industry with excessive paperwork.
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Date Approved by House: March 12, 2025
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Vote: Passed with strong bipartisan support (76 Democrats joined Republicans).
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Status: As of March 21, 2025, it awaits Senate action. This reflects a recent rollback of regulatory constraints on crypto.
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Upcoming House Bills Related to Bitcoin or Cryptocurrency
These are bills introduced but not yet approved by the House as of March 21, 2025. They are in committee or awaiting a floor vote:
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Strategic Bitcoin Reserve Act (H.R. 2112)
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Purpose: Codifies a Strategic Bitcoin Reserve and Digital Asset Stockpile into law, based on an executive order by the President. Aims to end perceived regulatory hostility toward crypto and protect self-custody rights.
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Date Introduced: March 14, 2025
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Status: Currently in committee (likely referred to the House Financial Services Committee). No floor vote scheduled yet, but it’s a significant proposal gaining attention.
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Sponsor: Rep. Byron Donalds (R-FL).
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SBR Bitcoin Act of 2025 (House Version, Number TBD)
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Purpose: Directs the U.S. to purchase 1 million Bitcoins over five years, funded through Federal Reserve remittances, gold revaluations, and the Exchange Stabilization Fund (no taxpayer money). Protects self-custody and limits government overreach.
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Date Introduced: March 11, 2025 (based on X posts and emerging reports; exact House bill number not yet widely confirmed in official records).
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Status: Introduced and likely in committee. No vote scheduled as of March 21, 2025. This may be related to or a companion to the Senate’s BITCOIN Act (S. 4912), introduced July 30, 2024, but reflects a distinct House effort.
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Crypto-Asset Environmental Transparency Act of 2023 (H.R. 1460)
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Purpose: Requires crypto-mining operations consuming over five megawatts to report greenhouse gas emissions to the EPA, potentially imposing restrictions on energy-intensive Bitcoin mining.
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Date Introduced: March 8, 2023
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Status: Referred to the House Committee on Energy and Commerce. No vote scheduled as of March 21, 2025, but it remains a potential point of contention against crypto’s environmental impact.
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Additional Context
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Historical Bills: In the 116th Congress (2019-2020), 11 of 40 introduced crypto-related bills passed the House, but only two became law as part of larger appropriations (e.g., briefings on crypto’s role in sanctions and DoD blockchain use). These were not standalone Bitcoin/crypto bills, unlike recent efforts.
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Pending Senate Action: Bills like FIT21 and H.J.Res. 109 highlight a trend of House approval outpacing Senate action, often stalling due to Democratic majorities or leadership priorities in the Senate.
Key Dates Summary
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Approved:
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FIT21 (H.R. 4763): May 22, 2024
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H.J.Res. 109: May 16, 2024
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H.J.Res. 25: March 12, 2025
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Introduced (Upcoming):
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H.R. 2112: March 14, 2025
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SBR Bitcoin Act: March 11, 2025
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H.R. 1460: March 8, 2023 (still pending)
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For the most current status, especially on bills like H.R. 2112 and the SBR Bitcoin Act, tracking House committee schedules or Congress.gov updates is recommended, as these are fresh proposals with momentum but no guaranteed timeline for votes yet. The House has leaned toward pro-crypto legislation recently, contrasting with some regulatory pushback from agencies like the SEC and Treasury under prior administrations.
