Official U.S. government legislative records or announcements

Senator Lummis Pushes for U.S. Bitcoin Reserve Bill with Bipartisan Support in Trump’s First 100 Days

Nov 14, 2024, 03:37 PM

Senator Cynthia Lummis is optimistic that her bill to establish a U.S. national Bitcoin reserve could pass within the first 100 days of Donald Trump’s potential second term, given bipartisan support. The bill, known as the BITCOIN Act, aims to position the U.S. at the forefront of global Bitcoin adoption. Lummis has proposed that the Federal Reserve sell part of its gold reserves to buy Bitcoin, viewing it as a digital gold. The Strategic Bitcoin Reserve model legislation has been introduced in both the House and Senate by Rep. Mike Cabell (R-PA) and Sen. Cynthia Lummis (R-WY). Public policy advocates like David Zell and organizations such as BTC Policy Org are actively shaping and promoting the legislation, urging citizens to write to their state lawmakers to support the bill. The BITCOIN Act could be on POTUS’ desk ready to go within days. NOW is the time.