Senator Cynthia Lummis re -introduced the legislation that the US government would authorize to acquire a maximum of 1 million Bitcoin (BTC), so that the recent executive command of President Donald Trump draws up a federal Bitcoin reserve.
The Bitcoin Act aims to integrate digital assets into the US financial strategy, which means that the Ministry of Finance has to manage the acquisition and safe storage of Bitcoin. Lummis positioned the bill as a future -oriented measure for economic stability and innovation.
She said in a statement.
“By codifying this effort in the law, we can ensure that our nation uses digital assets to strengthen our financial future while maintaining its global leadership.”
The bill has five Republican senators co-sponsors: Jim Justice (R-WV), Tommy Tuberville (R-Al), Roger Marshall (R-KS), Marsha Blackburn (R-TN) and Bernie Moreno (R-Oh).
In the meantime, congress member Nick Begich has introduced a accompanying bill in the house.
If determined, the bill of the federal government should require that it buys up to a million BTC – currently valued at around $ 80 billion – for five years.
The initiative would be partially financed by the net income and adjustments of the Federal Reserve to Treasury certificates based on the Golden Interests of the FED, with updated valuations that cover the costs.
The proposal also requires the establishment of a decentralized network of secure Bitcoin storage facilities in the US. All Bitcoin would be held for at least 20 years, whereby restrictions will prevent a minister of Finance from selling more than 10% of the reserve in a period of two years.
The account of Lummis differs from the attitude of the White House on Bitcoin reserves. While the executive command of Trump has set up a strategic reserve, senior officials have indicated a preference for indefinite property instead of planned acquisitions.
The administration has also emphasized the importance of budget -neutral approaches, while Lummis’s proposal outlines a wider purchase framework.
The introduction of this legislation follows an increased political support for crypto initiatives. It was striking that pro-Crypto-interest groups played a key role in the election defeat of Senator Sherrod Brown, a pronounced critic of the industry. These developments can shape the legislative process of the bill, although its passage remains uncertain.
If it is assumed, the Bitcoin Act would mark an important shift in American monetary policy, position Bitcoin as a formal reserve company and strengthen the role of the country in the digital assets economy.
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