*☢️🔻🚨Senator Lummis' Bitcoin Strategic Reserve Bill*$BTC
- *No Co-Sponsors Announced*: There is no confirmation that Senator Lummis' Bitcoin Strategic Reserve bill gained 2,200+ co-sponsors at the Nashville Conference
- *Bill Details*: The bill proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period, with the purchase financed partly by revaluing Federal Reserve's gold
- *Bitcoin Nashville Conference*: Senator Lummis announced her intention to propose the reserve at the Bitcoin Nashville conference on Saturday, July 27, 2024
- *Bill Introduction*: The Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act was officially introduced in the U.S. Senate on July 31, 2024
- *Bill Provisions*: The legislation would establish a decentralized network of secure Bitcoin vaults, implement a 1-million-unit Bitcoin purchase program, and affirm self-custody rights of private Bitcoin holders