Senator Lummis’s Bitcoin Act Allows for a Reserve of 1M+ Bitcoin, Fueling Pro...
Senator Lummis’s Bitcoin Act extends the Federal Reserve’s Bitcoin capacity to over 1M bitcoins. We mull over how this might affect the price of Bitcoin, and related coins like BTC Bull Token. The act touches upon several critical points, such as the establishment of the Bitcoin Reserve, the Bitcoin Purchase Program, and, more importantly, the […]
Related News
The Republican lawmaker from Wyoming has been a vocal supporter of Bitcoin and blockchain technology in Congress. United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday. The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which prohibits the use of non-public information for profit. The STOCK Act was signed into law under the Obama administration in April 2012 and is designed to combat insider trading. As CNBC....
A recent court decision concerning the status of XRP has revived the conversation on the necessity of clear and thorough regulatory frameworks in the constantly changing world of cryptocurrencies. US Senator Cynthia Lummis, a Republican from Wyoming, has called for immediate action to establish clear crypto rules in response to Judge Analisa Torres’ ruling that […]
US President Donald Trump has thrown his full backing behind pro-Bitcoin Senator Cynthia Lummis (R-Wyo.) in her 2026 reelection race. Declaring her an “America First Warrior” on his Truth Social platform, Trump singled out Lummis’ leadership on crypto policy, writing that she is “working closely with me to make America the Crypto Capital of the […]
U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but it could also be used “as a direct surveillance tool into the private transactions of Americans.”
Senator Cruz Introduces Bill to Prevent the Fed From Issuing Digital Dollar to Retail Consumers
U.S. Senator Ted Cruz (R-TX)....
Following US President Donald Trump’s executive order establishing a Strategic Bitcoin (BTC) Reserve, Republican Senator Cynthia Lummis announced she would reintroduce her Reserve bill in the Senate to implement a BTC purchase program. Related Reading: Utah’s Bitcoin Strategic Reserve Race Over? Senate Passes Bill, But Makes Key Amendment Senator Lummis Reintroduces The ‘Bitcoin Act’ At […]