Summary
- Senator Cynthia Lummis announced that she has reintroduced legislation to formalize the Bitcoin (BTC) Strategic Reserve Plan.
- This bill reflects the intention to strengthen America's economic foundation through Bitcoin and position it as a nationally essential strategic element.
- The bill reportedly includes $1 million worth of BTC purchases and focuses on addressing national debt issues while enhancing global competitiveness.
Pro-cryptocurrency U.S. Senator Cynthia Lummis announced on the 11th (local time) through her X (formerly Twitter) that she "has reintroduced legislation to formalize the U.S. government's 'Bitcoin (BTC) Strategic Reserve Plan'."
She stated, "I am proud to be able to reintroduce this bill incorporating President Donald Trump's vision to strengthen America's economic foundation for the next generation through Bitcoin," explaining that "Bitcoin is not just a technological opportunity, but a strategically essential element nationally to maintain America's financial leadership in the 21st century."
She added, "We will transform President Trump's executive actions into sustainable legislation so that America can address its national debt issues while maintaining global competitiveness."
Meanwhile, it was reported that Senator Lummis's reintroduced bill includes provisions related to purchasing $1 million worth of BTC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
