Senator Cynthia Lummis has announced the reintroduction of the Bitcoin Act, a bill that proposes the U.S. government acquire 1 million Bitcoin as part of its national reserve. This legislation previously failed in 2024, but Lummis is now seeking to revive the effort. The announcement was made at a Bitcoin-focused conference hosted by the Bitcoin Policy Institute, and Lummis referenced Bitcoin's symbol, suggesting major developments in the future. This move follows President Trump's executive order focusing on managing seized crypto assets, while Lummis aims to take a more proactive stance on Bitcoin adoption at the federal level.
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