Senator Lumis, a member of Cynthia, said at the Bitcoin Investor Weekly Conference held in New York on February 28 that it is likely to adopt Bitcoin (BTC) holders before the US federal government on February 28.
According to the Bloomberg report, “My bet will find that the state has a bitcoin strategic protection area in front of the federal government,” Lummis said.
In July 2024, Lummis, a Republican Republic of Wioming, proposed a bill that requires the US federal government to make a national bitcoin stockpile.
According to Lummis’s website, Lummis’s website requires the US Treasury to gradually accumulate 1 million BTCs, and eventually take over a total shares of about 5%of the total bitcoin supply, reflecting the size and scope of the US gold sales.
Lummis proposed Bitcoin Act in July 2024. Source: Cynthia Rumis
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Progress toward the Bitcoin Protection Zone
In January, US President Donald Trump signed an administrative order that requires federal officials to study the feasibility of national Bitcoin stockpile. It was one of Trump’s second president’s term, which began on January 20.
In February, Trump signed another order to instruct the US government to create sovereign assets.
“We are seeing the Arab Emirates buying Bitcoin. Lummis said.
There are 18 states in the United States with a preliminary bill with the Senate voting, and two (Arizona and Utawa) are at the end of the approval process.
The main encryption investment bill was rejected in Montana, Wyoming, North Dakota, South Dakota and Pennsylvania.
Some countries run by the Democratic Party can resist Trump’s password -friendly position, but other states are expected to accept encryption as a two -party issue.
Ashley Gunn, the US policy manager of Coinbase, said, “There is a lot of professional crypto here and will not follow blue or red policies.”
Coinshares, a researcher at Cryptocurrency, said in January that the launch of a strategic Bitcoin protection zone in the United States will accelerate the adoption of Bitcoin in 2024.
Coinshares said, “I believe that the US Bitcoin Act will have a long -term impact on Bitcoin than the launch of ETFs.
The US -based Bitcoin ETF, launched in January 2024, has more than $ 100 billion in BTC.
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