BlockBeats reported that on January 8, U.S. Senator Cynthia Lummis met with SEC Chairman nominee Paul Atkins to discuss digital asset legislation and regulatory reform.
She hinted that there might be changes in the future, jokingly saying to put the SEC on the 'Atkins diet.'
BlockBeats previously reported that on August 1, 2024, U.S. Senator Cynthia Lummis officially proposed the Bitcoin Strategic Reserve Act, which will instruct the U.S. government to establish a reserve fund for this scarce decentralized asset.
The bill also sets a long-term goal of accumulating 1 million bitcoins over time, which would account for about 5% of the total bitcoin supply. The bill plans to use existing U.S. Treasury funds to purchase bitcoins in amounts corresponding to the U.S. Treasury's gold allocation.
