No BTC strategic reserve announcement from Sen. Lummis—Bitcoin 2024
Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax.
Senator Cynthia Lummis delivered her highly anticipated address at the Bitcoin 2024 conference in Nashville alongside Senator Tim Scott. However, the presentation did not feature the rumored introduction of legislation establishing Bitcoin as a strategic reserve asset of the United States.
The Wyoming Senator criticized the Securities and Exchange Commission (SEC) for regulating the industry through enforcement action rather than the rule of law, before shifting her focus back to the government control of money and touting the Republican Party’s revised platform protecting digital asset ownership and custody.
Lummis, a longtime ally of the crypto industry, and Scott also touched on the role the Bitcoin mining industry plays in seeking out novel forms of energy and strengthening the United States’ critical energy infrastructure, a recurring theme at this year’s conference.
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Author: Vince Quill
