U.S. Senator Lummis plans to announce legislation to designate Bitcoin as a strategic reserve asset at the Bitcoin conference

2024-07-25 08:48:48

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ChainCatcher news, according to FOX Business, U.S. Senator Cynthia Lummis from Wyoming plans to announce legislation at the Nashville Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a strategic reserve asset.

Lummis's plan is still uncertain and may be delayed. This move aims to establish Bitcoin as a mainstream financial asset and gain support from the President and Congress. Lummis's team hopes that Trump will support the bill and announce the news at the conference on Saturday.

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2024 Bitcoin Conference Event Tracking

Bitcoin 2024 Nashville will be held from July 25 to 27, 2024, at the Music City Center in Nashville, Tennessee, USA. Many guests, including former U.S. President Trump, will attend, and this topic will track and report on the dynamics and statements during the conference in real time.

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