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Lummis Reintroduces Bill for US Bitcoin Reserve of 1 Million BTC

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Senator Lummis Reintroduces Bill for US Bitcoin Reserve of 1 Million BTC

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By Coin Edition Indo

2 days ago

•

2 mins read



Lummis proposes US Bitcoin reserve, directing the Treasury Department to accumulate 1 million BTC.

The national Bitcoin reserve plan by Trump aims to avoid taxpayer costs, using depreciated assets.

Bitcoin price surged after Michael Saylor's announcement, reflecting market confidence.

Efforts to create a US Strategic Bitcoin Reserve have intensified, with Senator Cynthia Lummis once again proposing legislation to accumulate 1 million BTC over five years.

The bill, revived from a 2024 proposal, directs the government to purchase Bitcoin using funds from the Federal Reserve system. These funds will be specifically allocated from reserve banks for this acquisition.