BITCOIN Act formally introduced in U.S. Senate
Senator Cynthia Lummis formally introduces legislation to establish a Strategic Bitcoin Reserve and related federal Bitcoin programs.
On July 31, 2024, BITCOIN Act formally introduced in U.S. Senate. Senator Cynthia Lummis formally introduces legislation to establish a Strategic Bitcoin Reserve and related federal Bitcoin programs.
The bill proposed a federal Strategic Bitcoin Reserve and a program for acquiring Bitcoin over time. Introduction created a formal legislative object distinct from earlier conference-stage advocacy.
The event marks a change in the legal environment around Bitcoin access, custody, mining, reporting or financial products, with consequences determined by the specific jurisdiction and stage of the action.