After Cynthia Lummis announced her bill to encourage the United States to have a Bitcoin (BTC) reserve, US senators received 2,200 letters urging them to co-sign the bill.
US Senators Urged to Support Cynthia Lummis' Bill
Wyoming Senator Cynthia Lummis has repeatedly attempted to pass various cryptocurrency-friendly laws in recent years. Her latest project, unveiled at the Bitcoin 2024 conference in Nashville, involves creating a Bitcoin (BTC) reserve in the United States.
If such an idea were to come to fruition, The country could thus obtain a million bitcoinsin particular from judicial seizures carried out to date.
💡 How to buy Bitcoin (BTC)?
To support this project, American citizens, both Republicans and Democrats, sent the equivalent of 2,200 letters to their senators. to ask them to co-sign Cynthia Lummis' billFor her part, the senator expressed her gratitude for this enthusiasm:
I cannot thank each of you who has sent a letter. https://t.co/8QyGApjSUH
— Cynthia Lummis 🦬 (@CynthiaMLummis) August 3, 2024
This bipartisan initiative was launched by Dennis Porter, co-founder of the Satoshi Action Fund:
Now is the time to secure our financial future and strengthen America’s leadership in technology. We have a critical opportunity to support Senator Lummis’s Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024, also known as the Bitcoin Act of 2024.
If this bill were to be passed, we would then be able to see to what extent Other countries will choose whether to follow suit or not..
👉 Also in the news — ETH below $3,000 and BTC at $61,000: what's happening in the cryptocurrency market?
At the time of writing, BTC is trading at $61,800, down 4.5% over the past 24 hours.
20 € offered when you register on Bitvavo
Source: Satoshi Action Fund
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Since 2021, I have devoted my free time to seriously training myself on cryptocurrencies in order to acquire as much knowledge and credibility as possible. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyses on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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