During a recent Bitcoin conference, Senator Cynthia Lummis revealed plans to introduce a bill for the US government to adopt Bitcoin as a strategic reserve asset. This legislation aims to establish a 'Strategic Bitcoin Reserve' program, similar to the US Strategic Petroleum Reserve. Lummis proposes the acquisition of 1 million Bitcoins over five years, valued at $60 billion, to strengthen the US dollar and offset the national debt. The bill has garnered significant support, with constituents urging senators to co-sponsor it. Currently under review by the Senate Committee on Banking, Housing, and Urban Affairs, the bill may spark debates and amendments before reaching the President for approval. Despite recent market fluctuations, the crypto industry remains a focal point in US politics, with potential policy implications for presidential candidates like Donald Trump and Kamala Harris. Read more AI-generated news on: https://app.chaingpt.org/news