Senator Cynthia Lummis is confident of a Bitcoin Act soon.
Bipartisan support is needed to actualize the Strategic Bitcoin Reserve.
Senator Lummis’ bill is consistent with Donald Trump’s Bitcoin target.
U.S. Senator Cynthia Lummis expressed confidence that the incoming Donald Trump administration could implement a strategic Bitcoin reserve within its first 100 days. Responding to a post about the proposal’s significance, Senator Lummis stated that bipartisan support and public backing could help achieve this goal.
Source: Twitter
The Wyoming Senator considers the Strategic Bitcoin Reserve a game-changer for the United States. According to her, a Bitcoin Act will be crucial in putting the U.S. on a sound financial footing.
Proposal Calls for 1 Million Bitcoin in Federal Reserves
A Bitcoin advocate noted that the crypto industry’s policy priorities remain pressing. However, he highlighted the Strategic Bitcoin Reserve as the most urgent, citing its potential to drive substantial change in the financial system.
Senator Lummis introduced the Strategic Bitcoin Reserve bill in July, proposing that existing funds from the Federal Reserve and the T…
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