U.S. Senator Lummis Pushes Forward Crypto Legislation and Supports Bitcoin Reserve Proposal

Odaily News After Trump won the 2024 U.S. presidential election on November 5, U.S. Senator Cynthia Lummis expressed support for his Bitcoin reserve proposal. Lummis, a Wyoming Republican and a staunch supporter of cryptocurrencies, emphasized her intention to promote crypto legislation in the Senate and proposed that the United States purchase 1 million Bitcoins (about 5% of its supply) and hold them for at least 20 years. The initiative builds on Trump's idea that the government should hold rather than liquidate its seized Bitcoin assets. (Cointelegraph)