Senator Cynthia Lummis has revealed that she will reintroduce the Bitcoin Act bill in the US Congress. This development is significant as the bill, if passed, would provide further legitimacy for the Strategic Bitcoin Reserve which US President Donald Trump created with an Executive Order last week.
Senator Lummis To Reintroduce Bitcoin Act Bill
In an X post, Senator Lummis revealed that she will reintroduce the Bitcoin Act bill in the US Congress today. She noted that this “landmark legislation” will codify President Trump’s bold vision to establish the US Strategic Reserve and strengthen the nation’s economic foundation for future generations.
As CoinGape reported last week, Donald Trump signed an Executive Order to create the much-anticipated Bitcoin Reserve. The US plans to use its Bitcoin from seizures to make up this reserve. Senator Lummis’ bill, if passed, will provide a major boost for the reserve as it will mandate the US to purchase up to 1 million BTC.
In her post, the Congresswoman stated that Bitcoin is not simply a technological opportunity but a national imperative for America’s continued financial leadership in the 21st century.
By transforming Trump’s Executive Order into law, Lummis stated that the US Congress can ensure that the nation will harness the full potential of digital innovation to address its national debt while maintaining a competitive edge in the global economy.
The post Just In: Senator Cynthia Lummis To Reintroduce Bitcoin Act Bill In US Congress appeared first on CoinGape.
