Senator Lummis Proposes $1 Million Bitcoin Reserve, Aiming to Lead in Digital Assets

U.S. Senator Cynthia Lummis has proposed a groundbreaking plan to establish a Strategic Bitcoin Reserve of up to one million Bitcoin over five years. This initiative comes as part of a broader effort by the U.S. government to solidify its position as a leader in the rapidly evolving world of digital assets. Funding will be sourced through reallocating existing federal funds, not new debt. Senator Lummis’s proposal has the potential to reshape the landscape for other cryptocurrencies like Ethereum and stablecoins.