PANews reported on July 25 that according to FOX Business, U.S. Senator Cynthia Lummis of Wyoming plans to announce legislation at the Nashville Bitcoin Conference that would require the Federal Reserve to hold Bitcoin as a strategic reserve asset. Lummis's plan is still uncertain and the announcement may be delayed. The move is aimed at making Bitcoin a mainstream financial asset and gaining support from the president and Congress. Lummis' team hopes that Trump will support the bill and announce it at the meeting on Saturday.
As reported earlier this week, U.S. Senator Cynthia Lummis hinted at major Bitcoin-related news coming this week.
