Senator Cynthia Lummis has proposed legislation to build a government Bitcoin reserve of 1 million BTC within the next five years. However, the plan is not as ambitious as initially suggested. Instead of using excess reserves from the Federal Reserve, the plan involves the U.S. Treasury purchasing 1 million Bitcoin, funded in part by revaluing the Treasury's gold held in Fort Knox. While the plan is feasible, there are concerns about its impact on commercial bank stability and the independence of the Federal Reserve.