US Senator and Congress Member stop strategic Bitcoin Reserve Bills to buy a million BTC
Today, the US Senator of Wyoming Cynthia Lummis announced today at the “Bitcoin for America” summit of the Bitcoin Policy Institute that she will reintroduce her strategic Bitcoin reserve legislation in the Senate today.
“I am very happy to be able to tell you that I will reintroduce the Bitcoin law today,” said Senator Lummis. “And I will soon be informed of Senator Justice of West Virginia, one of the Cosponsors. And we have several other additional cosponsors. And a large part of it is a result of the excitement that has built up. “
“So far, cosponsors have been [Tommy] Tubberville, [Marsha] Blackburn, [Roger] Marshall, [Bernie] Moreno and [Jim] Justice, ”continued Lummis. “We still have a few sensors for original cosponsors today, but the house also has six original consistents.”
The US Congressman Nick Begich, who has the Senator Lummis Bitcoin Act in the Senate in the Senate, announced that he will also present the legislation of the Bitcoin Reserve in the house today.
“Today I will introduce the Bitcoin Act of 2025 in the United States house,” said Congress Member. “This is a courageous and future -oriented legislative initiative, which is intended to ensure that the United States secure their financial independence and maintain their leadership in the global digital economy.”
“The momentum is in our hands and we have to enable this. Fortunately, President Trump is with us and the chances are limitless, ”concluded Lummis.
Just last week, President Donald Trump signed an executive order to create a strategic Bitcoin reserve of the federal government. The reserve is to be confiscated by the federal government of hacks and seizures, which creates an estimated reserve of around 200,000 BTC until an official examination. However, this reserve has the potential to abolish future presidential administrations. Laws such as the Bitcoin Act from 2025 would solve this potential problem, since the United States would buy 200,000 Bitcoin per year until it bought a total of 1,000,000 BTC – which are held for at least 20 years.
Vaneck, asset manager of 115 billion US dollars, claims that this strategic Bitcoin reserve could “help to compensate for public debt” and explains that “if the US government follows the proposed path of Bitcoin Act -by 2029 BTC by 2029 could accumulate this reserve by 2049 Compensate. “
