AlfredRR

According to an interview with Senator Lummis by Bloomberg this week, it can be summarized: "There is a divide in the Senate regarding the (Genius Act) this week, with a lot of amendments to handle, and if all goes well, it could pass this week."

About Senator Lummis:
Chair of the Senate Banking Committee's digital assets subcommittee, dubbed the 'Crypto Queen,' is a leader in cryptocurrency.
Senator Lummis, an important advocate of the domain, is also one of the proposers of the (BTC Reserve Act) and the (Genius Stablecoin Act). The BTC Reserve Act was first proposed in 2024 and did not pass in the last Congress. It was reintroduced in March 2025, making her one of the proposers and core supporters of the current federal version of the Bitcoin Reserve Act.

On May 21, Texas Bitcoin Reserve Bill SB21 passed the House in the third reading and is awaiting the governor's signature. If successfully signed, it will bring billions in purchasing power and long-term strategic impact to $BTC .

My judgment on the follow-up to this bill is that the probability of passing is as high as 90%.

About the ticket type:
Senate third reading vote 25:5, passed with high support.
House third reading vote 101:42, passed with high support.

About the governor: The governor is a Republican and crypto-friendly.
Governor Greg Abbott is a Republican who has served as governor since 2015 and has been re-elected multiple times. He stated that Texas should become a 'leader in cryptocurrency'; he has supported several bills related to cryptocurrency and blockchain, such as the bill passed in 2021 that recognized the legal status of cryptocurrency and promoted the development of blockchain technology. Texas has now become an important hub for Bitcoin mining and blockchain companies, partly due to Abbott's government policies, such as low taxes and a relaxed regulatory environment.