Odaily News According to the official website, the United States Bitcoin Strategic Reserve Act proposed by Senator Lummis Cynthia has been officially submitted to Congress and submitted to the Senate Banking Committee for review. The bill aims to "establish strategic bitcoin reserves and other projects to ensure transparent management of the federal government's bitcoin holdings, use certain resources of the Federal Reserve System to offset costs, and other purposes." The bill will then be reviewed by the Senate, the House of Representatives, and the President to decide whether to pass it until it becomes law.