With a 2024 election victory that will see America get its first pro-crypto president, one senator believes Donald Trump could pass a Bitcoin strategic reserve bill in his first 100 days back in the White House.
The senator expects that integrating cryptocurrencies could be one of the most important things Trump does at the start of his second term.
Much of his campaign revolved around Bitcoin and protecting cryptocurrencies in the United States. Trump has been unabashed about his belief in cryptocurrencies and their importance to the future of the global economy.
Senator Says Trump’s Bitcoin Reserve Bill Could Be Approved in His First 100 Days in the White House
Since the 2024 US presidential election results, the value of Bitcoin has skyrocketed. According to Coingecko, the price of BTC has increased by more than 31.5% in the past month and has reached an all-time high above the $93,000 mark.
According to one senator, Trump’s integration with cryptocurrency is coming soon, and it could happen sooner than many expect. Cynthia Lummis has said that Donald Trump could pass his Bitcoin reserve bill within the first 100 days of his second term.
“I believe we can get this done with bipartisan support in the first 100 days if we get the people behind it,” Lummis said in a post on X. “This is a turning point for our nation’s solvency. Let’s put America on solid financial footing and pass the Bitcoin Act!”
The bill, first introduced by Lummis in July, would seek to use funds from the Federal Reserve and Treasury to purchase one million Bitcoins. The move would then make the United States the largest holder of Bitcoins on the planet. Specifically, they would hold 5% of the entire supply of Bitcoins.
