:lummis: Senator Cynthia Lummis has introduced the #Bitcoin Act of 2024, which is now in the initial stage of the legislative process.

For the proposal to become law, it must first pass through the Senate and the House of Representatives before reaching the President for approval. :trump:

The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership.

The proposal includes acquiring 1 million bitcoin over five years and using :usfed: Federal Reserve remittances to fund the program.