It's a done deal 🤩 🤑 🤑 💪💪💪💪
August 2025 could be the month when $BTC straight to the clouds 🚀🚀🚀🔥
Senator Bernie Moreno proposes that Congress approve the law on the strategic bitcoin reserve before the August recess.
Ohio Republican U.S. Senator Bernie Moreno has urged Congress to pass the BITCOIN bill by August. This bill, which was represented by Republican Senator Cynthia Lummis two weeks ago with some modifications, proposes to buy 1 million units of bitcoin over the next five years. Unlike the initial version introduced last year that expired without being approved, it does not set an annual acquisition limit, offering greater flexibility.
If people generally understand that this is really very good for the future of the financial dominance of the United States worldwide, then we will reach a point of consensus, and I believe we are achieving that,” Moreno stated about the legislative debate on the bill. Therefore, “let's finish this before the August recess,” he affirmed regarding the legislative treatment to approve the bill to buy 1 million BTC. By then, it is customary for the United States Congress to take a break from its activities unless there are sessions deemed urgent. Moreno's comments took place on March 26 during a conference at The Digital Chamber's Blockchain Summit event, an organization that promotes the acceptance and use of digital assets. “I have been part of The Digital Chamber for 11 years, where at the beginning we gathered a small group of completely different people, and now we are quite a powerful force in Washington D.C.,” the senator also distinguished at the conference. Moreno stated that “we must celebrate that, which has happened in a very short period of time.” “It’s an exciting time,” he clarified regarding the growing interest in bitcoin. Later, the senator expressed on social media X about his statements at the event that, “under the leadership of President Donald Trump, the United States will be the global standard for digital assets.”
The United States seeks to strengthen its position as the government with the most bitcoin
In line with this initiative, Trump ordered three weeks ago the creation of a national cryptocurrency reserve, formed with those that the government has confiscated from criminal cases. The vast majority of these are bitcoin, with a total recorded of 198,013 BTC. With such an amount, the United States is the national government with the most bitcoin in the world (as shown in the following chart), a position that could be strengthened if the law is approved to allow it to buy BTC. This is something that, as reported by CriptoNoticias, fuels bullish expectations for the market. Amid this situation, various governments are evaluating whether to buy bitcoin as a strategic asset for their reserves. This includes Germany, which last year sold the holdings it had from confiscations. Consequently, high volatility in bitcoin prices is expected depending on how these projects advance. #BTC
