Lummis

A powerful new crypto tax bill just landed in the U.S. Senate, and it could make a big difference for anyone using or holding digital assets like Bitcoin. Senator Cynthia Lummis is leading the charge to fix what she calls “unfair” and “outdated” tax rules that are hurting innovation and everyday users. So, what’s inside

She believes the United States should hold Bitcoin in its strategic reserves. In her words, a Bitcoin reserve is not just about diversification. It’s about securing a geopolitical edge in an increasingly digital world. This idea might seem futuristic, but it’s gaining traction as global financial systems shift. For investors and crypto newcomers alike, it

“I am proud to reintroduce landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come,” said Senator Lummis on March 11. The Bitcoin Act, or “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” as it is

The legislation, which Lummis first proposed last year, seeks to codify President Trump’s recent executive order. The order establishes a Bitcoin reserve for the U.S. government. This Bitcoin strategic reserve bill would direct the government to purchase 1 million bitcoins over five years. The funds would be stored in a “decentralized network” of storage facilities.

Bitcoin Home » Bitcoin » Senator Lummis to discuss US Bitcoin reserve bill with industry leaders on March 11 by Vivian Nguyen Mar. 2, 2025 The first quarter of the year has historically been a favorable time for Bitcoin investment, according to Bitwise CEO. Key Takeaways Bitwise CEO will join other industry leaders to discuss