After US President Donald Trump’s executive, which creates a strategic reserve for bitcoin (BTC), Republican Senate Sina Lomes announced that it would re -present its budget in the Senate to implement the BTC purchase program.
Senator Lomes re -provides “Bitcoin Law”
At the National Press Club in Washington, DC, Senator Sinatia Lomes open It will reinforce innovation, technology and competitiveness through the optimal investment law at the National Senate today.
Lomes announced that the Republican Senator Jim Jim, Marsha Blackburn, Bernie Moreno, Roger Marshall and Tommy Tobrville will participate in the care of the bill. She said during the announcement: “We intend to make a real boost to help people understand the reason that the Bitcoin is the funds of freedom,” she said during the announcement.
Before the statement, the Senator Assure It is “real this time”, a video of encryption investors is involved in the American Bitcoin Strategic Reserve (SBR) with the text “₿ig things coming”.
Lummis originally presented the legislation on July 31, 2024, to create the “Bitcoin Strategic Reserve to serve as an additional value of value to enhance the public budget for America and ensure the transparent management of Bitcoin’s Bitcoin holdings of the federal government.”
The invoice aims to implement the Bitcoin purchase program to purchase about 5 % of the total BTC supplies, or a million BTC, over a period of 5 years, which reflects the “size and scope of” American gold reserves. The legislation suggested for a period of at least 20 years for the BTC program obtained under the purchase program.
Original BTC Purchase Program proposal. Source: lummis.senate.gov
“Tenching” President Trump SBR’s vision
In a separate statement, Senator Lomes Assure The “Bitcoin Law has returned”, expressing its enthusiasm for re -introducing “prominent legislation that will highlight President Trump’s bold vision to create a strategic bitcoin reserve for the United States and enhance our nation’s nation for future generations.”
Together, we are not just adapting to the future – we are actively forming it, and we write the next chapter in America’s proud history of financial innovation and securing permanent prosperity for all our citizens.
This step follows the executive order of US President Donald Trump to formally create a BTC strategic reserve and “Digital Asset stock”. As Bitcoinist, this matter, signed on March 6, stated that SBR will be funded by Crypto, which was seized by governmental and civil confiscation procedures.
“By converting the executive procedure of the president into permanent law, we can ensure that our nation will carry the full potential for digital innovation to address our national debt while maintaining the advantage of competitiveness in the global economy,” Lomes added.
Moreover, US Parliament member Nick B. Beach foot A draft law accompanying the proposed Senator Lomes. Republican actor “Bitcoin Law for the year 2025” presented to the US House of Representatives, which was sponsored by Actor Edison McDowell, Water Downg, Mike Collins, Pat Hargan, Mike Role, and Troy E. Nels.
Pesic explained that the legislation is “designed to ensure that the United States gets its financial independence and maintains its leadership in the global digital economy.”
BTC's performance in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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