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