Lummis proposes a Bitcoin bill that could potentially purchase one million Bitcoins!

$BTC

Cynthia Lummis, a crypto-friendly U.S. Senator and Chair of the Senate Banking Committee's Digital Assets Subcommittee,

has introduced the "Bitcoin Investment to Promote Innovation, Technology, and Competitiveness Act" (BITCOIN) in the U.S. Senate.

She announced a new version of the Bitcoin bill, which incorporates President Trump's vision of establishing a U.S. strategic Bitcoin reserve.

This includes: the establishment of a decentralized secure Bitcoin vault network operated by the U.S. Department of the Treasury, and the proposal of statutory requirements to ensure that the Bitcoins held by the country have the highest levels of physical and network security.

A plan to implement the purchase of one million units of Bitcoin over a period of time, aiming to acquire approximately 5% of the total Bitcoin supply, which corresponds to the scale and scope of the U.S. gold reserves.

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