The US Bitcoin Reserve Bill is making significant headway per the latest update from its sponsor, Senator Cynthia Lummis. According to the pro-crypto Senator, the Bill has now been referred to the Senate Banking Committee for deliberation.

Bitcoin Reserve Bill: a Silent Game Changer

The Bitcoin Reserve Bill became popular when Coingape reported earlier that Senator Lummis officially published it in July. With growing bipartisan support, the move to the Senate Banking Committee is making the bill more likely than ever.

It’s official! S.4912, the BITCOIN Act of 2024, has been introduced and referred to the Banking committee.

You can follow along on https://t.co/dWMJw4p97s pic.twitter.com/w4bE5IZxqW

— Cynthia Lummis (@CynthiaMLummis) August 3, 2024

The United States is at a major inflection point where most politicians including Donald Trump and Kamala Harris are looking to do right by the asset. The need to score major points with the crypto community might push this Bill into being signed into law.

If signed, the Bill will back the government into building a BTC stockpile.

This is a developing story, please check back for updates!!!

The post Breaking: Bitcoin Reserve Bill Referred To Banking Committee in US appeared first on CoinGape.

---

Filed under: News - @ August 3, 2024 7:11 pm