Senator Lummis Is Back with a Bitcoin Act That Will Make You LOL! 💰😂

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So, guess what? Following the grand spectacle of US President Donald Trump’s executive order to create a Strategic Bitcoin (BTC) Reserve (because why not?), our favorite Republican Senator, Cynthia Lummis, is back in the game! She’s reintroducing her Reserve bill in the Senate to kick off a BTC purchase program. 🎉

Senator Lummis Reintroduces The ‘Bitcoin Act’

At the National Press Club in Washington, D.C. (where all the cool kids hang out), Senator Lummis announced she’s reintroducing the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act. Yes, that’s a mouthful, but it’s catchy, right? 😏

And guess what? She’s got a whole squad of Republican Senators—Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville—ready to co-sponsor this bill. “We intend to make a real push to help people understand why Bitcoin is freedom money,” she said, probably while wearing a cape. 🦸‍♀️

Before the big reveal, Lummis assured everyone she’s “for real this time,” sharing a video of crypto investors asking about a US Strategic Bitcoin Reserve (SBR) with the text “₿ig things are coming.” I mean, who doesn’t love a good teaser? 📽️

Originally, she introduced this legislation on July 31, 2024, to create “a strategic Bitcoin reserve to serve as an additional store of value to bolster America’s balance sheet.” Because, you know, who doesn’t want to manage Bitcoin like it’s a federal government pet? 🐶

The bill aims to buy around 5% of the total BTC supply, or 1 million BTC, over 5 years. It’s like a shopping spree, but for Bitcoin! And they want to hold it for at least 20 years. Talk about commitment! 💍

‘Codifying’ President Trump’s SBR Vision

In a separate statement, Lummis declared, “The BITCOIN Act is back!” as if it were a long-lost friend. She’s thrilled to reintroduce this “landmark legislation” that will codify President Trump’s bold vision for a Strategic Bitcoin Reserve. Because nothing says “economic foundation” like a digital currency, right? 💸

Together, we are not just adapting to the future – we are actively shaping it, writing the next chapter in America’s proud history of financial innovation. And securing lasting prosperity for all our citizens. No pressure! 😅

This all comes after Trump’s recent executive order to create a Strategic BTC Reserve and a “Digital Asset Stockpile.” Because who doesn’t want a stockpile of digital assets? It’s like hoarding but with a tech twist! 🏦

Lummis added, “By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation.” Sounds fancy, doesn’t it? Let’s just hope it works! 🤞

Oh, and let’s not forget about US House of Representatives member Nick Begich, who introduced a companion bill to Lummis’ proposed legislation. He’s got the “Bitcoin Act of 2025” ready to roll in the House, co-sponsored by a whole bunch of Representatives. It’s like a Bitcoin party, and everyone’s invited! 🎊

Begich explained that the legislation is “designed to ensure the United States secures its financial independence.” Because who doesn’t want to be financially independent? It’s the American dream, folks! 🇺🇸

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2025-03-12 12:14