Support from Senators for the bill targeting the purchase of one million Bitcoin may strengthen 🤯

U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill, which includes a program to purchase one million Bitcoin, to the Senate with some changes. Lummis also announced that five other Senators have joined the bill as co-signers.

Senator Cynthia Lummis reintroduced the bill titled "Bitcoin," which envisions the establishment of reservations with regular purchases in the country, to the Senate in July in the region, with some minor changes.

Lummis stated in her announcement on the matter, "We can ensure that the visionary decision of the president is turned into a permanent law, creating a competitive advantage for our nation in the global economy, while also leveraging the full potential of digital innovation to meet our national debts."

The bill envisions the creation of a "decentralized and secure network of Bitcoin vaults" that will operate under certain requirements set by the Treasury Department. It also includes a program to purchase one million Bitcoin units over a period to reach approximately 5 percent of the total Bitcoin supply, reflecting the liquidation and scope of gold reserves allocated by the Federal Reserve.