Lummis reintroduces Bitcoin Act as U.S. eyes strategic BTC holdings

Senator Cynthia Lummis announced the reintroduction of Bitcoin law during a Bitcoin -oriented conference organized by Bitcoin Policy Institute.

THE InvoiceCo-pacarraine by the Virginia-Western Republican Senator Jim Justice, offers in the United States The government acquires 1 million bitcoin (BTC) as part of its national reserve.

Lummis previously presented the legislation in July 2024, but it failed to progress due to limited bipartite support. With the new session of the current congress, she seeks to relaunch the effort.

Lummis had previously had tackle This announcement. She revealed that she would be co-host of the Bitcoin for America, who was planned for Washington, DC

Bitcoin Policy Institute organized the event to bring together leading leaders, civil servants and political experts to explore the importance of bitcoin in the American economy.

In his announcement, Lummis referred to the Bitcoin symbol (₿), declaring: “Cooked things”, which many have taken to suggest that major developments or potential legislative initiatives concerning Bitcoin can be on the horizon.

Strategic bitcoin reserve

This decision follows recent decree Establish a strategic bitcoin reserve. However, the order of Trump focuses on managing cryptographic assets seized Rather than acquiring new holders.

Lummis’s proposal aims to adopt a more proactive position on the adoption of bitcoin at the federal level.