In addition to Trump's efforts to establish a Strategic Reserve of Bitcoin, Senator Cynthia Lummis also introduced the BITCOIN Act. This legislative proposal will require the U.S. government to acquire one million BTC within five years.
The report on cryptocurrency policies could highlight this measure as the executive and legislative initiative to realize the BTC reserve. If the BITCOIN Act is approved, the price of Bitcoin would be driven upward, considering the buying pressure it could exert on the flagship cryptocurrency.
Senator Lummis has already stated that Congress will deliberate on the proposed legislation once they finish with the pending cryptocurrency bills, the CLARITY Act and the Anti-CBDC Act.
