Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

US Congresswoman Cynthia Lummis may announce BTC strategic reserve legislation at Bitcoin Conference

CointimeCointime2024/07/25 01:20
By:Cointime

Three executives from the cryptocurrency industry who are familiar with the bill said that Republican Senator Cynthia Lummis from Wyoming, who supports cryptocurrency, is planning to announce BTC strategic reserve legislation at the Bitcoin conference. Although the specific content of the bill is not yet clear, a person who has seen the draft said that the purpose of the bill is to instruct the Federal Reserve to purchase Bitcoin and hold it as a reserve asset, just like the US central bank holds gold and foreign currencies to help manage the US monetary system and maintain the stability of the value of the US dollar.

As of the time of publication, Lummis' plan has not yet been confirmed and the announcement may be postponed. However, individuals who have had direct contact with some of Lummis' staff said that she hopes to announce her bill at the Saturday meeting and her staff hopes that Trump will support the bill and its underlying ideas.

Lummis has been hinting at a major announcement on her X account all week, writing, "Something big is happening this week, stay tuned."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Turkish Capital Markets Board Publishes New Regulations For Cryptocurrency Exchanges

According to a new official document published by the CMB, there will be significant changes in the cryptocurrency field.

Bitcoinsistemi2024/09/20 01:09