US Senator Cynthia Lummis believes that her Bitcoin reserve proposal could pass within the first 100 days of Donald Trump’s second presidential term. With bipartisan support, the bill could move forward if public support strengthens. The legislation aims to improve the US financial landscape and reinforce its status as a leader in the Bitcoin space.
It would use funds from the Federal Reserve and Treasury Department to acquire one million bitcoins, making the United States the largest government Bitcoin holder and similar to its stake in global gold reserves. The bill also seeks to establish a Bitcoin reserve and safeguard property rights over Bitcoin ownership and custody, with a decentralized network of secure vaults overseen by the Treasury Department.
While the bill previously stalled in the Senate, it has attracted bipartisan support and strong backing from Trump. However, it still needs to pass through the legislative process before reaching the president’s desk for final authorization.
