Odaily Planet Daily News 🌍 Wyoming Senator Cynthia Loomis plans to introduce a blockbuster bill next week requiring the U.S. Treasury to purchase 1 million bitcoins over five years, about $68 billion at current prices. The move is intended to counter the impact of the depreciation of the U.S. dollar.

In an interview with The Block, Loomis said: "Bitcoin is a good means of storing value. Over the past four years or so, it has averaged an annual growth rate of about 55%. During the same period, the dollar has depreciated and we have seen an increase in inflation."

As a long-term supporter of Bitcoin, Senator Loomis has been actively promoting cryptocurrency legislation since he first bought Bitcoin in 2013. 🚀

(The Block)