- Senator Lummis’ bill seeks to codify Trump’s Executive Order, mandating the US to purchase up to 1 million BTC.
- Texas lawmakers propose a bill to acquire $250 million worth of Bitcoin, signaling state-level adoption efforts.
- The Texas Senate has already approved a Bitcoin Reserve bill, awaiting further legislative approval to become law.
Senator Cynthia Lummis has stated that she plans to return the Bitcoin Act bill before the US Congress. The proposed bill functions to strengthen President Donald Trump’s recent Executive Order that launched the US Strategic Bitcoin Reserve. When it becomes law, this bill will reinforce Bitcoin’s position within the financial structure of the country.
Through his Executive Order, President Trump established that a Bitcoin Reserve had to be created from confiscated digital assets. The legislation from Lummis works to establish constitutional support for the presidential executive mandate.
The legislation would enable the US to obtain up to 1 million BTC for strengthening its financial strategy. According to the senator, Bitcoin represents both technical advancement and central strive for financial leadership in the United States.
Economic Strategy and Legislative Push
Lummis stated that transforming the Executive Order into law would help the US Congress strengthen the nation’s economic future. She noted that Bitcoin can be a tool to address national debt while securing the country’s position in the evolving global economy. The bill aims to ensure long-term adoption and regulatory clarity, positioning the US as a leader in digital asset integration.
During Lummis’ Congressional bill advancement, Texas legislators worked simultaneously to establish Bitcoin adoption within their state. The Texas legislature wants to spend up to $250 million to buy both Bitcoin alongside various other types of cryptocurrencies. State policymakers have shown rising interest in implementing Bitcoin-based policies throughout nationwide public finance systems starting from the state level.
The Texas Senate stands behind the proposed Bitcoin Reserve project
The Texas Senate successfully passed a different bill to create a Bitcoin Reserve so the measure now heads to the state’s House for evaluation. When approved, Texas will become the primary US state to maintain Bitcoin through its reserve. The advancements demonstrate rising organizational approval for Bitcoin, which solidifies its position as a viable financial resource.
Bitcoin continues to gain strategic asset recognition because of expanding legislative support. Multiple initiatives at state and federal levels display evidence that more institutions plan to embrace adoption. These pending bills will influence Bitcoin’s position within the national economic planning framework in a lasting manner.
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