Sen. Lummis Introduces Bill for Strategic Bitcoin Reserve, Allowing US States to Hold Bitcoin

Jul 31, 2024, 09:49 PM

Senator Cynthia Lummis, recognized as a forward-thinking champion of the Bitcoin community, has introduced the 'Strategic Bitcoin Reserve' bill, aiming to establish a strategic Bitcoin reserve for the United States. The bill allows US states to hold Bitcoin and seeks to ensure the transparent management of Bitcoin holdings by the Federal Government. The legislation is celebrated by the Digital Chamber and is seen as a move to bolster the US's global financial standing. The bill requires Senate co-sponsors to move forward.