U.S. Senator Cynthia Lummis has officially introduced the BITCOIN Act in the Senate. This act aims to establish a strategic bitcoin reserve, viewing it as an additional store of value.
The act proposes the purchase of 1 million bitcoins to strengthen America’s balance sheet. Senator Lummis emphasizes that the initiative will position the U.S. as a leader in financial innovation.
The move is expected to ensure robust financial future by harnessing the value and potential of bitcoin. The BITCOIN Act seeks to set a new precedent in how national reserves can be diversified and enhanced.