Sen. Cynthia Lummis, R-Wyo., reintroduced her bill to create a strategic bitcoin reserve, following an executive order signed by President Donald Trump to create one.

Senator Cynthia Lummis will reintroduce the Bitcoin bill in the US Congress. The bill asks the US government to acquire up to 1 million Bitcoin for its Reserve.

Lawmakers weigh national and state bitcoin reserve plans, assessing economic impact and financial security strategies.

Senator Lummis and industry leaders to explore US Bitcoin reserve initiatives amid changing digital asset regulations on March 11.

Rep. Nick Begich (R-AK) announced Tuesday that he is introducing legislation that establishes a strategic bitcoin reserve, an idea that has gained traction since President Donald Trump’s victory. Begich announced the legislation during a Washington,

Tuberville’s office wrote that, if the BITCOIN Act is passed and the total sum proposed is acquired, the reserve’s stake will make up roughly a five percent of total Bitcoin supply. This is a figure they say is roughly equivalent to the U.S.’s gold reserves.

Senator Lummis expressed confidence in Bitcoin as an essential element for America to maintain its financial leadership into the 21st century. She highlighted the cryptocurrency as not only a technological opportunity but also a critical imperative for America’s sustained economic prosperity.