Senator Cynthia Lummis has proposed the "Bitcoin Act of 2024" to the US Congress. This legislation, labeled as US Bill S4912, is designed to bolster the nation's financial system amid rising national debt issues.
The bill includes crucial provisions focused on enhancing the security and legal rights of both individual and institutional Bitcoin holders. One significant aspect of the bill is its explicit prohibition against federal seizure of Bitcoin, which aims to protect the assets of Bitcoin holders.
The introduction of this bill represents an effort to integrate Bitcoin more securely into the US financial framework, potentially positioning it as a tool for stabilizing economic challenges.
Kaynak: www.thecoinrepublic.com ↗
