{"id":134635,"date":"2024-08-01T00:17:08","date_gmt":"2024-07-31T21:17:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134635"},"modified":"2024-08-01T00:17:08","modified_gmt":"2024-07-31T21:17:08","slug":"senator-lummis-officially-introduced-the-strategic-bitcoin-reserve-legislation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senator-lummis-officially-introduced-the-strategic-bitcoin-reserve-legislation\/","title":{"rendered":"Senator Lummis Officially Introduced the Strategic Bitcoin Reserve Legislation"},"content":{"rendered":"<p>The purpose of this legislation is to create a strategic Bitcoin reserve by providing transparent management of federal <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a> <\/strong>holdings and offsetting costs through Federal Reserve resources.<\/p>\n<p>The bill mandates the creation of a Bitcoin reserve to strengthen the US position in the global digital economy and increase competitiveness in the cryptocurrency sector.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Senator Lummis publishes <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> Strategic Reserve legislation. <a href=\"https:\/\/t.co\/YnBPoEdpPy\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/YnBPoEdpPy<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1818746754185261317?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Emphasizing transparency, the law requires regular audits, public disclosure, and rigorous oversight to maintain public confidence in government Bitcoin tokens.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/grayscale-launched-the-lowest-fee-bitcoin-etf-in-the-u-s\/\" title=\"Grayscale Launched the Lowest-Fee Bitcoin ETF in the U.S.\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/grayscale-bitcoin-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Grayscale Launched the Lowest-Fee Bitcoin ETF in the U.S.<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Using Federal Reserve resources, the bill aims to minimize the financial burden on taxpayers while maintaining the Bitcoin reserve.<\/p>\n<p>The bill was read twice in the Senate and referred to the appropriate committee for further consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis has introduced the &#8220;Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024&#8221; (Bitcoin Act of 2024).<\/p>\n","protected":false},"author":3,"featured_media":34586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,25],"tags":[72],"class_list":["post-134635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-regulations","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senator 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