Official records from the US Senate

Senator Lummis Introduces S.4912 BITCOIN Act; 2,200 Letters Urge Support

Aug 3, 2024, 06:46 PM

Senator Cynthia Lummis has introduced the BITCOIN Act of 2024, designated as S.4912, which proposes that the US Treasury acquire 1 million Bitcoins. The bill, officially referred to the Senate Banking Committee on July 31, has garnered significant public support, with over 2,200 letters sent to US Senators within 48 hours urging them to co-sponsor and support the legislation. The surge in advocacy reflects a growing interest in Bitcoin as a strategic reserve asset.