Senator Lummis Readies Strategic Bitcoin Reserve Bill For Nashville Reveal, Report

Quick Summary:

According to a Fox report, Senator Cynthia Lummis of Wyoming is allegedly ready to introduce legislation that could herald a profound shift in the status of Bitcoin, positioning it as a mainstream financial asset on par with traditional reserves like gold in the US.

However, a decline in trading volume has surged with a decrease of 18%, amounting to $26 billion, according to CoinGecko data.

This would be in stark contrast to what traditional and crypto markets have experienced under President Biden’s administration in recent years.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: DeFi Crypto regulation Bitcoin Crypto Breaking News Ticker Cryptocurrency Bitcoin news Bitcoin price Donald Trump Bitcoin BTCUSDT Btcusd Cryptocurrencies Crypto news Senator lummis Btc Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 21:15:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21766356

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions