Editor's PiCK
Bitcoin Magazine CEO: "Executive Order on Bitcoin Strategic Reserve Being Prepared Urgently"
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- According to David Bailey, CEO of Bitcoin Magazine, the U.S. Bitcoin Strategic Reserve Act executive order is progressing faster than expected.
- Bailey CEO revealed that the timeline for this legislation consists of days and weeks, not months or years.
- Senator Cynthia Lummis has reintroduced legislation that includes a $1 million Bitcoin purchase, according to reports.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A claim has emerged that the process related to the U.S. Bitcoin (BTC) Strategic Reserve Act, which is the most significant matter of interest in the cryptocurrency market, is moving faster than market expectations.
On the 11th, David Bailey, CEO of Bitcoin Magazine, stated through X (Twitter), "The executive order for the Bitcoin Strategic Reserve Act is progressing more urgently than the market anticipated. The timeline consists of days and weeks, not months and years," adding that "The administration is currently acting quickly."
Previously, pro-cryptocurrency Senator Cynthia Lummis announced that she had "reintroduced legislation formalizing the U.S. government's Bitcoin strategic reserve plan."
The bill reintroduced by Senator Lummis reportedly includes provisions related to the purchase of Bitcoin worth $1 million.
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