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Sen. Lummis Reintroduces BITCOIN Act to Increase BTC Reserve Holdings

Lummis lays out her plan for acquiring 1 million BTC for the government's reserve.

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Sen. Cynthia Lummis brings back her BITCOIN Act with minor changes, aiming to establish a strategic reserve of Bitcoin Bitcoin under the Trump administration's plan with a goal of acquiring 1 million BTC.

What’s the Scoop?

  • Reintroduced Legislation: The BITCOIN Act was originally proposed in July 2024 and has been reintroduced with some changes.
  • Strategic Reserve: The act aims to create a strategic reserve of Bitcoin, aligning with plans under the Trump administration.
  • Objective Media Reporting: The Block, despite investments from firms in the crypto space, continues to provide independent news coverage.

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