Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector.<\/p>\n
A Bitcoin sovereign wealth fund Republicans are calling a \u201cstrategic national reserve\u201d is only one of Lummis\u2019 promises for blockchain. But markets are thrilling with bullish activity on that prospect alone.<\/p>\n
Over the weekend, Bitcoin whales were insatiable<\/a> in their accumulation.<\/p>\n After Republicans retook control of Congress following November\u2019s election, the US Senate Banking Committee opened its first subcommittee panel on cryptocurrencies Thursday.<\/p>\n US Strategic Bitcoin Reserve, pretty much confirmed.<\/p>\n Crypto moving at crypto speed again. https:\/\/t.co\/8qWlt65ARE<\/a><\/p>\n \u2014 CZ BNB (@cz_binance) January 23, 2025<\/a><\/p>\n\n The idea of a national Bitcoin reserve is so popular at the moment among US policymakers that several states are considering<\/a> establishing state reserves.<\/p>\n The Senate Banking digital asset subcommittee will: \u2014 Senator Cynthia Lummis (@SenLummis) January 23, 2025<\/a><\/p>\n\n The new Senate subcommittee on digital assets has a host of issues to tackle with normalizing US government policy over blockchain. In an X post on Thursday afternoon, Sen. Lummis promised a three-point crypto agenda in 2025:<\/p>\n Pass legislation promoting responsible innovation and consumer protection Popular crypto markets analyst Crypto Beast replied, \u201cwe\u2019re going much higher.\u201d\u00a0The strategic Bitcoin reserve has backing from President Trump, according to recent reports and the fact that he signed<\/a> the documents.<\/p>\n In addition, it has a strong group of pro-crypto delegates to Congress in the new subcommittee. That includes<\/a> Sen. Ruben Gallego (D-AZ), who received strong backing from the pro-crypto Fairshake PAC.<\/p>\n Plus, there\u2019s Sen. Bernie Moreno (R-OH), a freshman senator who prevailed in the ballot count over the Banking Committee\u2019s previous chair, Sen. Sherrod Brown (D-OH).<\/p>\n Bitcoin\u2019s price<\/a> had a somewhat unexpected reaction to the aforementioned news. The asset started to lose value after the document\u2019s signing and dropped to $102,400 before it recovered some ground to nearly $105,000 now.<\/p>\n The post Binance Founder Changpeng Zhao: US Bitcoin Reserve \u2018Pretty Much Confirmed\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a \u201cstrategic national reserve\u201d is only one of Lummis\u2019 promises for blockchain. But markets are thrilling with bullish activity on that prospect alone. […]<\/p>\n","protected":false},"author":0,"featured_media":38607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38606"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38606"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38607"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Binance Founder: Strategic Bitcoin Reserve Alert!<\/h2>\n
Congress Convenes First Subcommittee on Crypto<\/h2>\n
\n Pass legislation promoting responsible innovation and consumer protection
\n Eradicate Operation Chokepoint 2.0
\n Make America the bitcoin and digital asset capital of the world<\/p>\n
\nEradicate Operation Chokepoint 2.0
\nMake America the bitcoin and digital asset capital of the world<\/p>\n