US Senator Cynthia Lummis has expressed support for President-elect Donald Trump's proposal to establish a Bitcoin reserve, suggesting the US acquire 1 million BTC and hold it for at least 20 years. This initiative comes amidst increasing regulatory scrutiny in the crypto sector, with California revoking BlockFi's license amid bankruptcy, Poland issuing a public warning against Crypto.com, and former Alameda Research CEO Caroline Ellison receiving a two-year prison sentence.

Source: https://cointelegraph.com/news/senator-lummis-pushes-forward-crypto-plans-after-trump-victory-law-decoded-nov-5-11?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound