Senator Cynthia Lummis reaffirmed her commitment to establishing a strategic Bitcoin
$78,792.75
reserve for the United States, aligning with her longstanding advocacy for digital assets.
Earlier in July, Senator Lummis presented the Bitcoin Act, a proposal for the US government to acquire one million bitcoins – approximately 5% of the total supply – for long-term holding.
The likelihood of this proposal being accepted has increased, given that pro-crypto lawmakers now hold 17 seats in the Senate, surpassing the 12 seats held by those opposed to digital assets, according to data from Stand with Crypto.
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Since taking office in 2021, Lummis has emerged as one of the most vocal supporters of cryptocurrency in Congress, consistently championing policies that support digital asset adoption. Her current term ends in January 2027.
After early election results started showing that Donald Trump and the Republican Party were set to secure the presidency and gain majority control of Congress, Bitcoin’s value surged significantly. On November 6, the cryptocurrency shattered previous records, reaching a peak of $76,460.15 before settling at $74,878.93.
The convergence of a favorable political climate and dedicated legislative advocacy paints a promising picture of the future of crypto integration into US economic policy.
In other news, the National Center for Public Policy Research (NCPPR) is pushing Microsoft to invest in Bitcoin, warning that the company might otherwise get sued if the price of Bitcoin rises.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
