š±š„Senator support for the bill targeting a purchase of 1 million BTC has strengthenedš¤Æ
#US Senator Cynthia Lummis has reintroduced the BITCOIN bill, which includes a 1 million Bitcoin purchase program, to the Senate with a few changes. Lummis also announced that five more senators have joined the bill as co-signers.
US Senator #CynthiaLummis has reintroduced the bill called āBITCOINā, which envisages creating reservations with regular purchases in the country, to the Senate in July in the region, with a few minor changes.
Lummis said in her statement on the subject, āWe can ensure that the Presidentās visionary decision is turned into a permanent law, creating our nationās competitive advantage in the global economy, while also leveraging the full potential of digital innovation to meet our national debt.ā
The bill in question envisions creating a ādecentralized, secure network of Bitcoin vaultsā that the Treasury Department will operate in accordance with certain requirements. It also includes a Bitcoin purchase program of 1 million units over a period of time to reach approximately 5 percent of the total Bitcoin supply, reflecting the filtering and scope of the gold reserves allocated by the BD.
Senator support for the bill is strengthening
On the other hand, senator support for the bill is also strengthening. Lummis announced today that five senators have joined as co-signers. Co-signers refer to senators who give additional support to the relevant bill and are employed throughout the legislative process to pass the bill. Thus, the larger this team, the greater the chance of the bill passing the senate.
