ChainCatcher news, according to The Bitcoin Historian, 12 politicians in the United States have supported the plan proposed by Senator Cynthia Lummis, which is for the government to purchase 1 million bitcoins.

ChainCatcher News, U.S. Senate Banking Committee Digital Assets Subcommittee Chair, U.S. Senator Cynthia Lummis stated that the Senate Banking Committee will conduct a final review (markup) today on the GENIUS Act proposed by Senator Hagerty. The main contents of the bill include: clearly defining payment stablecoins, establishing clear procedures for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.

ChainCatcher news, according to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous 2024 version was shelved in committee. The new version proposes to purchase 1 million bitcoins over 5 years, similar to the previous version, but there are several key differences.The 2025 Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins per year (instead of "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause regarding the repayment of federal debt instruments that was present in the previous version.The bill adds provisions to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury, with approximately $39 billion in assets, and the executive branch's bitcoin acquisitions may draw on this fund.Regarding gold revaluation, the new version explicitly states that the proceeds from revaluing the Federal Reserve's gold will be used to purchase bitcoins, whereas the 2024 version only included these funds in the general fund, marking a significant change.

ChainCatcher news, the strategic Bitcoin reserve bill proposed by U.S. Senator Cynthia Lummis has now been published on the Congressional government website.

ChainCatcher news, U.S. Senator Cynthia Lummis stated, "The Bitcoin bill is the solution to our nation's debt problem and the future of prosperity for America."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, U.S. Senate Banking Committee digital assets subcommittee chair Cynthia Lummis announced that she will jointly reintroduce the Bitcoin Act in the Senate with West Virginia Republican Senator Jim Justice.

ChainCatcher news, U.S. crypto-friendly Senator and Chair of the U.S. Senate Banking Committee's Digital Assets Subcommittee Cynthia Lummis posted a strategic Bitcoin reserve video on the X platform with the caption: This time I'm serious.The video content shows: Big Things are Coming.

ChainCatcher news, Wyoming legislator and Bitcoin bill creator Cynthia Lummis posted on social media that she is absent from this White House crypto summit due to pneumonia and will complete the drafting of the bill to submit to Trump as soon as possible.

ChainCatcher news, U.S. Congressman Nick Begich tweeted: "It's time for America to become the first Bitcoin superpower."Begich stated that he is working with Wyoming Senator Cynthia Lummis (the sponsor of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee) on a "significant" (₿ig) Bitcoin-related initiative and hinted that details will be announced next Tuesday.

ChainCatcher news, U.S. Congressman Nick Begich stated that he is working with Senator Cynthia Lummis to prepare a significant initiative related to Bitcoin, which will be announced next Tuesday. Begich posted on his Twitter account: "It's time for America to become the first Bitcoin superpower. I am collaborating with Senator Lummis on a major (₿ig) plan, so stay tuned for next Tuesday."

ChainCatcher news, according to Walter Bloomberg, although the Bitcoin strategic reserve plan proposed by Trump has gained support among some pro-cryptocurrency members of Congress, its recent feasibility is in question. Wyoming Republican Senator Cynthia Lummis, who introduced the related bill, acknowledged that the proposal lacks sufficient support in Congress.Lummis stated at the Bitcoin Investor Day event in New York that there is resistance even within the Republican Party. She quoted House Banking Committee Chairman Tim Scott's suggestion to delay implementation and pointed out that lack of preparation is a major obstacle.

ChainCatcher message, U.S. crypto-friendly Senator Cynthia Lummis stated while sharing the news "The White House will support CRA to overturn DeFi broker rules," that "The IRS's regulations on DeFi fundamentally misunderstand how decentralized technology operates.Wyoming has been at the forefront of responsible digital asset regulation, and I have witnessed firsthand how regulatory clarity—rather than overregulation—can foster innovation. These tough federal regulations could push U.S. crypto entrepreneurs overseas when we should be nurturing this industry domestically. I am honored to join Senator Ted Cruz in overturning this attack on the crypto community."

ChainCatcher news, U.S. crypto-friendly Senator Cynthia Lummis cited the news that "the SEC has agreed to withdraw the lawsuit against Kraken," stating that this is a huge victory for the digital asset industry, "we are ending punitive regulation and welcoming the return of innovation in the U.S."

ChainCatcher News, U.S. Senator and Chair of the Senate Banking Committee's Digital Assets Subcommittee Cynthia Lummis posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its lawsuit against the cryptocurrency exchange Kraken, calling it "a huge victory for the digital asset industry. We are closing the door on punitive regulation and welcoming the return of American innovation. This is very significant."

ChainCatcher news, U.S. Senate Banking Committee on Digital Assets Chair Cynthia Lummis posted on the X platform: I spend dollars and save bitcoin.

ChainCatcher news, according to Cointelegraph, U.S. crypto-friendly Senator Cynthia Lummis stated at the first hearing of the Senate Banking Committee on Digital Assets yesterday: "We are about to establish a bipartisan legislative framework for stablecoins and market structure."

ChainCatcher news, U.S. Senate Banking Committee Chair Cynthia Lummis posted on the X platform calling for the United States to launch a bipartisan-supported regulatory framework for stablecoins, as the stablecoin race has already begun and the U.S. is falling behind.

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis has called for upgrading the U.S. reserves with Bitcoin, stating: "A basic computer can audit Bitcoin reserves at any time."

ChainCatcher message, U.S. Senator Cynthia Lummis posted on X: "The achievements of President Trump, Elon Musk, and the DOGE team in the first few days are remarkable. The government is once again serving the American people, saving taxpayers billions of dollars. This money is real cash that will go back into the pockets of Americans."

ChainCatcher news, Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee, stated, "If we use 5% of the total supply of Bitcoin (about 1 million Bitcoins) to establish reserves, then the U.S. debt could be reduced by half over the next 20 years."