According to FOX Business, pro-cryptocurrency Wyoming Republican Senator Cynthia Lummis is planning to announce BTC strategic reserve legislation at the Bitcoin Conference. While the specifics of the bill are unclear, according to a person who has seen a draft, the bill aims to instruct the Federal Reserve to buy Bitcoin and hold it as a reserve asset, just as the U.S. central bank holds gold and foreign currencies, to help manage the U.S. monetary system and keep the value of the dollar stable. Lummis has been hinting at a major announcement on her Twitter account this week, writing: "Big things are coming this week, stay tuned."
U.S. Senator Cynthia Lummis plans to announce BTC strategic reserve legislation at Bitcoin Conference
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