Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
US Congresswoman Cynthia Lummis may announce BTC strategic reserve legislation at Bitcoin Conference

US Congresswoman Cynthia Lummis may announce BTC strategic reserve legislation at Bitcoin Conference

CointimeCointime2024/07/25 01:20
By:Cointime

Three executives from the cryptocurrency industry who are familiar with the bill said that Republican Senator Cynthia Lummis from Wyoming, who supports cryptocurrency, is planning to announce BTC strategic reserve legislation at the Bitcoin conference. Although the specific content of the bill is not yet clear, a person who has seen the draft said that the purpose of the bill is to instruct the Federal Reserve to purchase Bitcoin and hold it as a reserve asset, just like the US central bank holds gold and foreign currencies to help manage the US monetary system and maintain the stability of the value of the US dollar.

As of the time of publication, Lummis' plan has not yet been confirmed and the announcement may be postponed. However, individuals who have had direct contact with some of Lummis' staff said that she hopes to announce her bill at the Saturday meeting and her staff hopes that Trump will support the bill and its underlying ideas.

Lummis has been hinting at a major announcement on her X account all week, writing, "Something big is happening this week, stay tuned."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!