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2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

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6 things the US needs to stay competitive in crypto, according to execs

Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation

Coinbase Raises Fairshake Super PAC Fund by M to Push Crypto LegislationCoinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, […]

6 things the US needs to stay competitive in crypto, according to execs

US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz

The major contribution comes a day after the PAC received an equal amount from Ripple.

Fortune continues to smile on United States pro-crypto super political action committee (PAC) Fairshake, with the second big-buck contribution in two days. A16z managing partner announced on May 30 that the Andreessen Horowitz crypto and Web3 venture fund has donated $25 million to Fairshake and its affiliated PACs Defend American Jobs and Protect Progress.

Andreessen Horowitz is thus running practically nose-to-nose with Ripple, which contributed $25 million on May 29 to bring its total giving to $50 million for this year and in 2023. The new contribution brings a16z’s total giving to $47 million in two years, Dixon tweeted. He said:

Related: Crypto users could ‘make a difference in a close election’ in the US — CoinFlip CEO

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6 things the US needs to stay competitive in crypto, according to execs