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Senate, House lawmakers reintroduce Bitcoin Act legislation to accumulate 1 million BTC – TON BOT

Senate, House lawmakers reintroduce Bitcoin Act legislation to accumulate 1 million BTC

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Senator Cynthia Lummis reintroduced the BITCOIN Act, allowing the US government to acquire up to 1 million BTC. The bill aims to integrate digital assets into US financial strategy and ensure economic stability and innovation. The bill has Republican Senator cosponsors and a companion bill in the House. If enacted, the government would purchase BTC over five years using funds from the Federal Reserve. The bill also mandates secure Bitcoin storage facilities and restrictions on selling the reserve. The legislation contrasts with the White House’s approach to Bitcoin reserves. The bill reflects increased political support for crypto initiatives and could have a significant impact on US monetary policy.

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