Senator Synthia Lummis says that the United States will eventually attract its attention to the Bitcoin Reserve Bill, which will be after progress on a lot of debate Stabecrim law. The development, shared on the stage at the bitcoin conference, has created renewed interest in the government’s stand on digital assets, especially bitcoins.
Synthia Lummis: Bitcoin Reserve Bill is in the next line
In a now-viral post on X, Senator Lumis made headlines at the bitcoin conference. He announced that the Senate Genius Act will start work on the Bitcoin Reserve Bill after wrapping the discussion on the Stabechoin bill.
Congressman Nick Begich introduced the Bitcoin bill on March 11, 2025. The bill proposes that the US Treasury should start buying up to 1 million bitcoin units in five years. If passed, it will return the strategic bitcoin reserve installed by the government in confidence.
How it sees bitcoin in the United States will mark a huge change in it. The country will see it as a digital property and a strategic. It is worth noting that President Trump recently Signed an executive order To establish a strategic bitcoin reserve, therefore to admire the top coins on a large scale.
recently Post on X, American journalist Ellenor Terit said that Senator Synthia Lummis believes that the federal government currently holds around 200,000 bitcoins.
However, he admitted that the figure is uncertain, as information is reportedly classified after an audit of White House-Order. Lummis said that he has been offered a private briefing for further clarification.
Senate progress on StableCoin bill
Meanwhile, the Senate took an important step Advance the Genius ActThe purpose of which is to regulate stablecoin issuers.
On 21 May, a clot vote led the bill to carry forward a major procedural obstacle, allowing this to move forward in the amendment phase. Coingpe reported that the vote was 66 to 32, reviving the bill after the Democrats initially tried to block it.
Senator Bill Higrant, who launched the Genius Act, said that the bill means to present a proper legal structure for Stabelines in the US financial system. However, critics like economists Peter Shif issued a stabechoin warningGiven that property can remove capital from traditional markets and more crypto can fuel speculation.
Bitcoin Conference pushed for Ganes World Record
There are more highlights coming from the bitcoin conference, which is currently running in Las Vegas.
In X post From the official account of the bitcoin conference, the organizers announced a bold plan. They aim to break the Guinness World Record for the most bitcoin transactions in the same event.
As revealed in the X post, speakers Rizo and Marti encouraged the attendees to prepare their wallets for Shodown. In particular, some market participants believe that this record-breaking effort can create a stir in the finance world, which can eventually lead to a price swing for bitcoins.
For this publication, coinmarketcap data suggests that the largest digital property was trading at $ 110,220.15, which was 0.71% in 24 hours.
Godfrey benjamin
Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are for general acceptance and emerging technology to run integration worldwide. His desires to educate people about cryptocurrency inspire his contribution to famous blockchain -based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow it X, Linkedin
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