According to FOX Business, pro-cryptocurrency Republican Senator Cynthia Lummis is preparing a new bill that may include Bitcoin in the Federal Reserve's strategic reserve assets.

Sources said Lummis plans to announce the bill, which could require the Federal Reserve to hold some Bitcoin as a strategic reserve asset, at the annual Bitcoin conference this week.

According to previous news, industry insiders said that Trump may announce BTC as a strategic reserve asset of the United States at the Bitcoin Conference.