U.S. States ahead of Fed on Bitcoin reserve path: Lummis

More than 30 American states have explored the idea of ​​Bitcoin reserves funded by the public, with at least two jurisdictions close to the adoption of related legislation.

Political decision -makers in Washington did not agree with federal laws to create a bitcoin (BTC) Reserve, a republican senator from Wyoming and president of the Senate banks subcommittee on digital assets, said Cynthia Lummis during the New York Bitcoin Investors Week.

Utah And Arizona have advanced Bitcoin purchase proposals using public funds, although not all legislators support the idea of ​​Bitcoin reserves managed by the State.

Since Donald Trump has taken an oath as American president, MontanaDakota of the North and Wyoming, the original state of Lummis, rejected the Bitcoin reserve invoices. The legislators of these states have cited concerns about the speculation of cryptography and the risks of digital assets, despite nearly $ 100 billion in institutional adoption of Bitcoin through funds negotiated on the stock market at Wall Street.

In the Senate, Lummis presented a bill proposing that the Federal Reserve exchanges part of its gold reserves for Bitcoin. If it was promulgated, the law would force the United States government to acquire Up to 5% of the total Bitcoin offer over five years.

At the White House, the AI ​​and the Crypto-Tsar David Sacks reaffirmed Trump’s interest in establishing a Bitcoin national reserve at a statement in early February. However, he recognized This progress was still at its beginnings and that the concept was being evaluated.

Lummis echoes similar feelings in New York on February 28, declaring: “We do not yet have enough people at ease in the House and the Senate to do so,” said the Wyoming senator.

Stablecoins will probably be the starting gun for digital asset frames. Legislators in both Senate And the Chamber presented bills normalizing the rules of Stablecoin. To the first banking subcommittee of the Senate audience Focus on the creation of cryptographic rules, senators and industry experts have agreed that stable regulations should have priority.