Senator Cynthia Lummis has just announced that she's reintroducing the Bitcoin Act in the Senate, with the goal of creating a strategic Bitcoin reserve ¹. This reserve would serve as a store of value to bolster America's balance sheet and ensure transparent management of Bitcoin holdings by the federal government ².

The Bitcoin Act proposes several key initiatives:

- *Establishing a Decentralized Network*: Creating a network of secure Bitcoin vaults operated by the US Department of Treasury, with top-notch physical and cybersecurity ².

- *Bitcoin Purchase Program*: Implementing a program to purchase 1 million Bitcoins over a set period, aiming for a total stake of around 5% of the total Bitcoin supply ².

- *Payment and Custody*: Paying for the program by diversifying existing funds within the Federal Reserve System and Treasury Department, while affirming self-custody rights of private Bitcoin holders ².

The reintroduction of the Bitcoin Act comes after President Trump signed an executive order establishing a Strategic Bitcoin Reserve, which will initially be funded with seized Bitcoin assets ³.#TheBitcoinAct $BTC