Senator Lummis Aims to Revive “Bitcoin Act” for Over 1 Million BTC in Fed Reserves

Senator Cynthia Lummis is set to reintroduce the “Bitcoin Act,” which would enable the Federal Reserve to accumulate more than 1 million bitcoins. The proposal, she says, enhances financial protection and injects a new dimension into the country’s reserve strategy. The legislation previously stalled amid debates over security protocols and transparency.

If enacted, the Fed could allocate funds to build a so-called “strategic hoard” of BTC. Market analysts note that the volumes could be immense, raising questions about the impact on the dollar, as well as how price swings in cryptocurrency might affect the broader economy. Regulatory guidelines remain unclear, and public officials continue to debate the move’s feasibility.

If approved, this could represent one of the largest government-backed purchases of digital currency to date. Senator Lummis insists that the U.S. should not lag in adopting cutting-edge crypto frameworks, underscoring the need to remain at the forefront of global innovation.